Computerized system and method for acquiring and analyzing data pertaining to real estate

• US 20030046211A1
• Filed: 09/06/2001
• Published: 03/06/2003
• Est. Priority Date: 09/06/2001
• Status: Active Grant

• Current Assignee: Shimon Brecher
• Original Assignee: Shimon Brecher
• Inventors: Brecher, Shimon
• Granted Patent: US 7,249,146 B2
• Time in Patent Office: Days
• US Class Current: 705/36
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis
• CPC Class Codes: Y10S 707/99945 Object-oriented database structure processing
• CPC Class Codes: Y10S 707/99948 Application of database or data structure, e.g. distributed, multimedia, or image

Abstract

A substantial amount of publicly available and private information pertaining to buildings in an area is inputted into a computerized data base programmed to produce statistical standards (norms) which can then serve as a basis for subsequent comparison with particular, selected, structures. The information is organized and formatted to facilitate the analysis of various income and expense items (including the taxes) pertaining to selected structures. Various special screens (forms) are used to aid in entering data pertaining to selected buildings and portfolios of buildings into the computerized data base and to interactively assist in the analysis of the data entered in view of the information contained in the computerized data base including the generation and display of significant statistical information regarding the selected properties and the generation of various reports. The system includes programs which enable the efficient comparison of various structures regarding their income and expenses and for the generation of reports for local property and/or income tax purposes, assessments determination, management purposes and/or investment decisions.

Claims

1. A method of using a computerized data base for analyzing data pertaining to a selected building comprising the steps of:

inputting data into a computerized data base, where said data pertains to a multiplicity of buildings obtained from selected sources including governmental agencies and private sources, and wherein said data includes various income and expense items pertaining to said multiplicity of buildings;

processing the data pertaining to the multiplicity of buildings to develop standard values for selected ones of the income and expense items;

inputting into the computerized data base selected data pertaining to income and expense items pertaining to the particular building; and

programming the computerized data base to compare the selected data pertaining to income and expenses of the selected building with the standard values developed for like buildings.

2. A method as claimed in claim 1, wherein selected ones of the expense and income items are calculated on at least one of the following bases:

(a) a per unit area basis;

(b) a per unit basis; and

/or (c) as a percentage of the income of the building.

3. A method as claimed in claim 1, wherein the buildings in the multiplicity of buildings are arranged by types and location and the particular building is compared to the standard values generated for like buildings in a similar area.

4. A method as claimed in claim 3, wherein data pertaining to the multiplicity of buildings includes information pertaining to the age, location, and type of structure and wherein like information pertaining to the particular building is inputted into the computerized data base to enable comparison of the particular building with like buildings having similar characteristics.

5. A method as claimed in claim 1, including the use of specialized screens to input data into the computerized data base, and to retrieve and display data from the computerized data base.

6. A method as claimed in claim 1, including the use of specialized screens to input data into the computerized data base, to retrieve and display data from the computerized data base, and to issue reports.

7. A method as claimed in claim 6, wherein the computerized data base is programmed to issue reports based on the processing of the inputted information to at least one of the following:

(a) a government agency;

(b) a tax authority;

(c) owner or manager of the particular property; and

(d) an investor or appraiser of the property.

8. A method as claimed in claim 6, wherein the computerized data base is programmed to issue a report specially prepared for appealing an assessed valuation (AV) of the property.

9. A method as claimed in claim 6, wherein the information issued in selected reports is stored in the computerized data base to keep track of the information in these certain reports and any changes subsequently made to these reports.

10. A method as claimed in claim 6 wherein data obtained and inputted into the computerized data base includes government generated guidelines pertaining to high and low capitalization rates, income and expense items and net operating income (NOI), and wherein the computerized data base is programmed to enable the user to select a high, average, or low capitalization rate and to calculate an expected assessed valuation (AV) on the basis of the actual NOI or on the basis of a model NOI, or on the basis of the rent roll.

11. A method as claimed in claim 10, wherein the user can selectively produce a report using Pro-forma per income or Pro-forma per model.

12. A method as claimed in claim 6 wherein the computer base is programmed to provide various explanatory sentences in the reports to assist in the preparation of the reports and the submission of the reports.

13. A method as claimed in claim 1 wherein the computerized data base is programmed to prepare at least one of an income and expense report, an assessment valuation appeals report, a client review report and an assessment recommendation report.

14. A method as claimed in claim 13 wherein selected reports are submitted to selected government agencies.

15. A method as claimed in claim 14 including the step of collectively updating information submitted to selected government agencies including the step of keeping and storing the original information submitted to a government agency as well as updated versions of that information.

16. A method of using a computerized data base for analyzing data pertaining to a selected building comprising the steps of:

obtaining data pertaining to a multiplicity of buildings from selected sources including governmental agencies and private sources;

where said data includes certain physical characteristics of the buildings and various income and expense items pertaining to said buildings;

inputting said data into the computerized data base and developing standard values for selected ones of the income and expense items;

inputting into the computerized data base selected data pertaining to income and expense items pertaining to the selected building;

programming the computerized data base to compare the selected data pertaining to income and expenses of the selected building with the standard values developed for like buildings; and

using a set of screens directing the entry of data into the computerized data base, for assisting in the processing of the data, and for assisting in the production of reports pertaining to income and expenses and to the assessed valuation of the selected building.

17. A system for analyzing data pertaining to a selected building comprising:

a computerized data base for storing basic data pertaining to a large number of buildings, where the stored basic data includes information concerning at least one of;

(a) the number of units in the buildings;

(b) the area of the buildings; and

(c) assessment valuations for the buildings;

said computerized data base also including information regarding various expense items and income items pertaining to certain ones of said large number of buildings;

said computerized data base being programmed to calculate selected ones of the various expense items on at least one of the following bases;

(a) a per unit area basis, (b) a per unit basis, and/or (c) as a percentage of the income of the building;

said calculation for establishing norms for selected ones of the various expense and income items using said large number of buildings as a base;

means for inputting expense and income data pertaining to said selected building into said computerized data base;

means for calculating selected ones of the expense and income items of the selected building using at least one of the following bases;

(a) a per unit area basis (b) a per unit basis, and/or (c) as a percentage of the income of the selected building; and

means for comparing the results for the building of interest with selected norms obtained for the large number of buildings.

18. The system as claimed in claim 17 wherein basic said data base is generated from at least one of the following:

government records, trade sources and private sources

19. The system as claimed in claim 18, further including a set of screens for interactively inputting data into the computerized data base and for processing the data and selected ones of said screens also functioning as templates for producing reports pertaining to the income and expenses of the selected building.

20. The system as claimed in claim 19, wherein one of said set of screens is for generating assessment appeals wherein said appeals screen includes means for storing assessment history regarding the building, identifying selected income and expense items, selecting the type of report to be prepared, enabling a program for generating a letter analyzing various expenses and displaying them in a table and creating a narrative.

21. The system as claimed in claim 19, wherein one of said set of screens is for generating an income and expense report.

22. The system as claimed in claim 19, wherein one of said set of screens is for processing data based on a user selected capitalization rate generating and a selected net operating income rate based on income and expense data for a selected building to determine a proposed assessed valuation.

23. A method of using a computerized data base for analyzing data pertaining to a particular building comprising the steps of:

inputting into the computerized data base selected data pertaining to income and expense items pertaining to the particular building;

programming the computerized data base to track selected ones of the expense items elected to be amortized over a predetermined number of years; and

selectively displaying information regarding the selected expense item and the number of years remaining over which it is to be amortized.

24. A method of using a computerized data base for analyzing data pertaining to a particular building comprising the steps of:

inputting into the computerized data base selected data pertaining to income and expense items pertaining to the particular building;

initially assigning certain categories to the expense items;

selectively changing the category of a selected one of the income and expense items; and

programming the computerized data base to track the initially assigned category and the change in the category.