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Underwrite any multifamily deal in minutes, not hours.

relea turns any listing, PDF, or address into a complete investor-grade financial model: rent roll, NOI, cap rate, cash-on-cash, DSCR, CapEx, risks. Automatically. Vacancy from actual census data for that neighborhood. Market rents from live comps. Tax risk from county records. Not rule-of-thumb estimates. So you evaluate more deals, spot winners faster, and show up first with a credible offer.

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Built by an operator who underwrites deals every week. Designed with input from investors, brokers, lenders, underwriters, and syndicators from across the nation.
relea.ai/properties/ 15-w-maplewood-ave
Property detail view
Cap rate · pro forma
6.8%
+2.1 vs market
blind-spot scan
  • Utility responsibility
  • Tax reset risk
  • CapEx from age
  • Market rent gap…
The reality

If you've ever passed on a deal because you didn't have time to run the numbers, this is for you.

2–4hrs

Per deal, every time

Copy from PDFs. Look up taxes. Pull rental comps. Build the cash flow model from scratch. Then do it again on the next one.

30

Deals screened per winner

Most investors kiss a lot of frogs. Which means the math you hate doing is the math you have to do the most.

24hr

Your offer is already late

In today's market, the investor who responds first with a credible offer wins. Slow underwriting is a tax on your deal flow.

The real cost isn't your time. It's the deals you never got to.

Why relea

Save time. Save money.
Win more business.

From listing to full model in minutes.

Paste a URL, drop a PDF, or type an address. relea scrapes the listing, reads the OM, pulls county assessor tax records, sources market rents from third-party rental comp services and its own comparable-listing model, and fills vacancy rates from U.S. Census data for that exact neighborhood, all automatically and without a single copy-paste.

3:12
was
3 hours now 3 minutes

The dogs that don't bark cost you the most.

Deals blow up on the things no one told you: owner-paid water, property tax doubling at your purchase price, a roof that's been there 27 years. relea reads the county assessor record, checks year built against known component lifespans, and flags every one of these automatically, before you make an offer.

⚠ Water: owner-paid $1,040/yr
⚠ Tax reset likely +$4,200
⚠ Roof age 27y $14k
Rent gap · unit 5 -52%

Move first. Look sharp. Keep the client.

Investors get a defensible offer in minutes. Brokers send every client a polished, logo-branded underwriting report and collaborate on the deal together in real time.

How it works

Four steps. Minutes, not hours.

01 / INGEST

Drop it in.

Paste a listing URL, upload a PDF, type an address, or forward the flyer. relea accepts whatever you've got.

02 / ANALYZE

relea does the gathering.

It scrapes the listing, reads the OM and rent roll, looks up county assessor records for taxes and year built, pulls live rental comps from market data, and sources vacancy rates from Census data for that specific neighborhood. All in the background, with no copy-pasting from 4–5 different tabs.

03 / MODEL

Full financials, ready.

Rent roll, NOI, cap rate, cash-on-cash, DSCR, GRM, CapEx schedule, hold period IRR, and a risk + due-diligence checklist, all generated.

04 / REFINE

Edit anything, instantly.

Change price, rate, vacancy, rents: every dependent metric recalculates live. Drop in an inspection report, CapEx updates.

Where the numbers come from

Not estimates. Actual data.

Every number relea puts in your model is sourced from a real, identifiable place, not a default assumption. Here's what's being gathered automatically while you wait.

Listing & offering memorandum

Address, unit mix, asking price, rent roll, expenses, and any documents attached, extracted automatically from the URL or PDF you provide.

County assessor records

Current assessed value, tax bill, year built, and property classification, looked up automatically for every deal to model tax reset risk and property-age-based CapEx.

Live rental comps

Market rent by unit type sourced from third-party rental comp services and relea's own comparable-listing model, so your pro forma income model reflects what the market will actually pay, not the seller's asking rents.

U.S. Census vacancy data

Vacancy rate at the census-tract level, not a flat 5% default. Your income model uses the actual rental vacancy for that specific neighborhood, which can swing your NOI by thousands per year.

Your own inputs & inspection reports

Drop in an inspection report, override any assumption, or adjust a comp. Every edit is tracked, so you always know what came from data and what came from you.

Live interest rate benchmarks

Current 30-year and ARM benchmarks to anchor your financing assumptions, so your DSCR and cash-on-cash reflect today's lending environment, not a number you forgot to update.

This is what "Tech-powered, modern underwriting" actually means: your spreadsheet took inputs you had to gather manually from 4–5 different sources. relea gathers them all automatically for you.

Blind-spot scanner

The details that separate winners from money pits.

Every deal has a handful of items that quietly decide whether you make money. Most aren't in the pitch. relea reads every page of every document, cross-references against known risks, and surfaces what the listing won't tell you.

Operating

Utility responsibility

Water, sewer, electric, gas, trash: who actually pays? Getting it wrong swings expenses by $500–$1,000 per unit per year.

Tax

Reassessment risk

Many states reset property taxes to sale price. relea pulls county assessor data and flags deals where your tax bill could double, a $4,000+ annual swing most spreadsheets miss entirely.

CapEx

Age-driven surprises

Roof at 25 years, HVAC at 15, cast-iron sewer lines, aluminum wiring: relea uses year built from county records and known component lifespans to estimate what's coming due and when.

Condition

Equipment clues

"Newer roof," but when? "Updated kitchens" in half the units, which half? relea flags what's vague vs. verified.

Rent

Market rent gap

Current rents vs. live market comps, unit by unit. relea sources market rents automatically, so you see exactly which units are under-market and what the value-add upside is.

Market

Real vacancy, not a guess

relea pulls vacancy from U.S. Census data at the census-tract level, not a flat 5% rule of thumb. Some neighborhoods run at 2%, others at 14%. Your model uses the right number for that specific street.

Risk

Full risk scan

Concentration, flood zones, coastal exposure, market trends, state tax gotchas. All auto-generated.

DD

Due-diligence list

A property-specific checklist to verify before you make an offer. The seller won't give you this. relea will.

"A chatbot answers the questions you ask.
relea surfaces the ones you'd never think to."

Depth, not fluff

Everything you need to run the numbers, all in one place.

A · Pipeline

Your whole pipeline, on a map.

Searchable, filterable dashboard with a map view. Favorite the winners. Filter by neighborhood class, price, cap rate, cash flow, property type. See everything at a glance.

Pipeline map view
B · Model

The complete financial model.

Rent roll with market comps per unit type. Current vs. pro forma income and expenses. NOI, cap rate, cash-on-cash, DSCR, GRM, price per unit/sqft. What-if scenarios update live as you type.

Financial model
C · Returns

Model the whole hold, not just year one.

Dial in hold period, appreciation rate, rent and expense growth, and selling costs. relea builds year-by-year projections (capital structure, cash flows, and exit proceeds), then solves for levered IRR and equity multiple on your total equity investment.

Hold period return: IRR, equity multiple, and capital structure chart by year
D · Provenance

Every number shows its source.

Hover any value to see whether it came from the listing, the OM, the county assessor, third-party rental comps, U.S. Census, an inspection report, or your own edit. You know exactly what drove every number, and you can change any of them.

Every number shows its source
E · Brokers

Share, collaborate, present.

Share any deal by email with view or edit permissions. Shared listings show a "Your Agent" card with your headshot, brokerage logo, and contact info. Export branded PDFs and Excel reports with your logo and disclaimer attached.

Sophie Kim
West Fork Realty Group
Your agent
Branded PDF
Deal Memo · 15 W Maplewood
Branded XLSX
Model · Multi-family 5+
Built for

The people who live in deals every day.

Where relea fits

ARGUS-level depth.
DealCheck-level simplicity.

Most tools make you pick a trade-off. Cheap but shallow. Powerful but painful. A generalist chatbot that still makes you do the gathering. relea was built to close these gaps, with AI doing the grunt work so the depth feels effortless.

Capability DealCheck BP Calc Excel ChatGPT ARGUS relea
Auto-ingest from listing URL---Paste-✓
Reads OMs and rent rolls---Partial-✓
County tax records lookup--Manual--Auto
Live rental comps per unitAdd-on----✓
Census-sourced vacancy-----✓
CapEx flagged from property age--DIYAsk-✓
Deterministic, auditable math✓✓✓LLM✓✓
Hold period IRR & exit proceeds✓✓DIY-✓✓
Portfolio + map dashboardBasic---Limited✓
Shared branded exportsBasicBasic--✓✓
Collaborative editing-----✓
Saved search alerts-----✓
The AI question

"But I already use ChatGPT for underwriting. Why do I need this?"

Good question. It tells us you already understand what AI can do for this workflow, which puts you ahead of 90% of the market. Here's why relea is different from prompting a chatbot, and why the gap is going to widen.

01

A chatbot can't go get the data.

It can't visit the listing page, download the OM, look up county assessor records, pull live rental comps from third-party services, or pull Census vacancy for that census tract. You still have to gather all of that manually and paste it in. relea does all of it automatically from a single URL or PDF. That's 4–5 sources you never have to open.

02

The math has to actually be math.

When a chatbot computes your NOI or DSCR, it's doing arithmetic inside a language model, which is famously unreliable. relea uses AI for what it's good at (reading, extracting) and uses deterministic code for what matters: the financial calculations.

03

A chat transcript isn't a workflow.

Change the asking price and you're re-prompting, hoping the model remembers your assumptions. In relea, you edit a value and every dependent metric recalculates instantly. Deals are saved, searchable, alertable, shareable.

04

The chatbot has your blind spots.

A general AI only checks what you ask it to check. If you don't know to ask about cast-iron sewer lines in a 1960s building, it won't mention them. relea's analysis framework was built by a multifamily operator who's been burned by these exact issues.

ChatGPT is a brilliant generalist. relea is the specialist.
Provenance & trust

relea does the work. You stay in control.

Every number shows its source.

Hover any value and see whether it came from the listing, the OM, the county assessor, market rental comps, Census, your inspection report, or your own edit.

Override anything, anytime.

Don't like the default vacancy? Change it. Have a better insurance quote? Type it in. Every dependent metric recalculates instantly.

Your data stays yours.

Your deal pipeline is private to you and the collaborators you invite. No one else sees your deals. Ever.

Questions

Frequently asked.

How is relea more accurate than a spreadsheet or the BiggerPockets calculator?
Spreadsheets and simple calculators use whatever vacancy rate, market rent, and expense assumptions you type in, which means their accuracy is bounded by how much research you did before opening the file. relea replaces those manual lookup steps with real data: Census vacancy for the actual neighborhood, live rental comps from the current market, and county assessor records for taxes and year built. The result is a first-pass model that's grounded in actual conditions, not a blank template with defaults you haven't second-guessed.
What kinds of properties does relea handle?
Rental real estate is where we shine. The platform handles mixed-use, small and large multifamily, single family homes, and residential investment properties. We're actively expanding into other other asset classes such as commercial and NNN properties.
Do I have to connect or install anything?
No. relea runs in your browser. Paste a URL, upload a PDF, or type an address. That's it.
How accurate is relea?
relea is fast and thorough, and it shows its work. Every number has a source you can inspect, and you can override anything. relea uses AI for what AI is good at (reading documents, extracting data) and deterministic code for what matters (the financial calculations). Your NOI, cap rate, and DSCR are computed, not generated.
I already use ChatGPT - why do I need relea?
A chatbot can't go get the data for you (listing pages, OMs, county records, rental comps). relea's math is deterministic code, not LLM arithmetic. Edit any assumption and every metric recalculates instantly. And relea systematically checks for the blind spots a chatbot only finds if you think to ask.
What data does relea use?
The listing itself, any documents you provide (OM, rent roll, inspection report), public county assessor records (taxes, year built), live rental comps from third-party services and relea's own comparable-listing model, U.S. Census vacancy data at the census-tract level, and current interest rate benchmarks. Your deals stay private to you and your invited collaborators.
Is relea a replacement for my broker or CPA?
No. relea is a decision-support tool that helps you evaluate deals faster and more consistently. The final call is still yours, and we recommend professional review before making an offer.
Can I collaborate with partners or clients?
Yes. Share any deal by email with view or edit permissions. Invitees can create an account and jump right in. Brokers can share with their branding applied, have clients adjust assumptions live on the same property page, and export PDF and Excel reports.
What does it cost?
During the Private Test, relea is free for approved applicants. Pricing will be set later based on what works for our users.
Private Test · Approved applicants only

Get early access. Help shape the product. Use it free.

We're approving a small, hand-picked group of investors, brokers, and syndicators into the Private Test. Approved members get free access in exchange for honest feedback and a 30-minute conversation. Spots are limited.

  • ✓ Free access to the full relea platform during the test
  • ✓ Direct line to the founder for feature requests
  • ✓ First look at new features before public launch
  • ✓ Founding-user status and pricing when we launch

Apply for the Private Test

Takes about 60 seconds. We review applications weekly.

Application received.

We review applications weekly. If you're a fit, we'll email you next steps including a link to schedule a short call.

Want to learn more? Stay in the loop.

Occasional updates: new features as they ship, deal-analysis tips, behind-the-scenes notes from the founder, and a heads-up when relea opens to the public.

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