# relea

> relea is an AI-native underwriting assistant for multifamily real estate investors that turns listing pages and assumptions into decision-ready financial analyses in minutes.

## Product summary

relea ingests multifamily listing materials and automatically gathers data from multiple external sources (county assessor records, U.S. Census vacancy data at the census-tract level, live rental comps from third-party services and relea's own comparable-listing model, and current interest rate benchmarks) to produce decision-ready financial models. The vacancy rate in your income model comes from actual Census data for that neighborhood, not a rule-of-thumb 5%. Market rents come from live comps, not the seller's asking rents. Tax reset risk is detected from county assessor records. CapEx is estimated from year built and known component lifespans. All automatically, without manual data gathering across 4–5 different sources.

## Core pages (on relea.ai)

- [Home (hero & value proposition)](https://relea.ai/#top)
- [Problem framing](https://relea.ai/#problem)
- [Why relea (pillars)](https://relea.ai/#why)
- [How it works](https://relea.ai/#how)
- [Blind-spot scanner](https://relea.ai/#blind)
- [Built for your role](https://relea.ai/#for)
- [Compared to spreadsheets & generic AI](https://relea.ai/#vs)
- [FAQ](https://relea.ai/#faq)
- [Private test application](https://relea.ai/#apply)
- [Mailing list signup](https://relea.ai/#apply)

## Pillars

1. **Speed without sloppiness:** Minutes to a first pass that respects your capital structure and rent roll, not a toy calculator. This speed comes from replacing 4–5 manual data-gathering steps with automatic sourcing.
2. **Data-grounded assumptions:** Vacancy comes from U.S. Census data by census tract. Market rents come from third-party rental comp services and relea's own comparable-listing model. Taxes and year built come from county assessor records. These are not defaults; they are sourced values for that specific property.
3. **Assumption hygiene:** relea surfaces what moved, why it matters, and what is still unknown so you do not miss the silent killers (tax reassessment at purchase price, property-age CapEx, owner-paid utilities).
4. **Evidence-forward outputs:** Every headline number links back to its source: the listing, the OM, the county assessor, Census, third-party rental comps, or an explicit assumption you can challenge and override.

## How it works (four steps)

1. **Send the deal:** Drop a URL, OM PDF, or inbox-forwarded package; relea structures what it received.
2. **Gather the data automatically:** relea scrapes the listing, reads the OM and rent roll, looks up county assessor records for taxes and year built, pulls live rental comps from third-party services and its own comparable-listing model, and sources vacancy from U.S. Census data for that specific census tract. No copy-pasting from 4–5 different tabs.
3. **Stress with discipline:** Rate shocks, vacancy ramps, and exit cap scenarios run against the same baseline so comparisons stay fair. Hold period projections (IRR, equity multiple, capital structure by year) extend the model to the full investment horizon.
4. **Share the decision memo:** Export a concise narrative plus tables your partners can trust. Every number shows its source.

## FAQ (short form)

**Who is relea for today?** Working multifamily investors, syndicators, and acquisition analysts who live in Excel but want faster first passes.

**How is relea more accurate than a spreadsheet or the BiggerPockets calculator?** Spreadsheets use whatever vacancy rate, market rent, and expense assumptions you type in. relea replaces those manual lookups 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.

**What specific data does relea gather automatically?** The listing itself, any documents you provide, public county assessor records (taxes and 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.

**What blind spots does relea eliminate that spreadsheets miss?** Tax reassessment at purchase price (common in many states), property-age-driven CapEx (roof, HVAC, systems from year built), owner-paid utility responsibility (swings expenses $500–$1,000 per unit per year), and market rent gaps per unit type.

**Is relea a replacement for my analyst?** No. relea accelerates the boring middle: ingestion, reconciliation, and scenario plumbing so humans stay on judgment calls.

**Does relea work outside multifamily?** The first private test focuses on small-to-mid multifamily in the United States.

**How do pricing and access work during the private test?** Access is invite-only; there is no self-serve checkout on the marketing site yet.

**Where does my data live?** See the privacy policy for retention, subprocessors, and contact paths.

## Legal

- [Terms of Service](https://relea.ai/terms)
- [Privacy Policy](https://relea.ai/privacy)
- [Disclaimer](https://relea.ai/disclaimer)

## Authenticated product

- [Log in to the relea app](https://app.relea.ai)