Penaki

Plan unit renovations and capex by floor plan.

Schedule unit turns annually or monthly from your extracted floor plans, model downtime and rent bumps, and track unit progress across the hold.

Renovation plan

240 units

Year 1
Year 2
Year 3
Year 4
Year 5

Cost per unit

$12,000

Downtime

1 month

Rent premium

$150

RenovatedClassic

Annual or monthly renovation pacing.

Spread unit turns evenly across your start and end dates, or enter a custom schedule by year or month for each floor plan.

  • Annual or monthly pacing in automatic or manual mode
  • Tracks total, renovated, remaining and planned units
  • Configurable downtime months and annual cost growth
  • Schedule check ensures planned turns match target counts

Renovation schedule

180 units

YearStartedOfflineCompleted
Year 148444
Year 260555
Year 360555
Year 412111
1 month downtime per unitCapex $12,000 / unit

Rent bumps and unit inventory flow.

Set cost per unit and monthly rent bumps by floor plan, and watch units move through renovation, downtime and completion.

  • In-place rent, rent bump and post-reno rent by floor plan
  • Monthly and annual unit counts across renovation states
  • Downtime loss and rent premiums flow into revenue
  • Summary card shows return on renovation cost

Classic vs. renovated rent

By floor plan

Floor planClassicRenovatedPremium
1 bed$1,450$1,600+$150
2 bed / 1 bath$1,690$1,850+$160
2 bed / 2 bath$1,850$2,020+$170
3 bed$2,250$2,440+$190

Exterior capex and upfront funding options.

Budget multi-year exterior capex lines and choose whether renovations are funded upfront at closing or out of operating cash flow.

  • Custom exterior capex lines by projection year
  • Option to fund capex upfront in Sources & Uses
  • Automatic working capital reserve sizing
  • Initial counts seeded from the rent roll and OM

Value-add depth

240 units

Units left to renovate180 of 240

Rent premium

$175 / mo

Cost per unit

$12,000

Payback

5.7 years

Remaining upside: $378K a year in rent

Included with every deal

  1. Seeded from files

    Floor plans and renovated counts populate from the rent roll and OM.

  2. Return on renovation

    See units to renovate, cost per unit, rent lift and ROI at a glance.

  3. Flexible funding

    Fund capex upfront at close or pay out of operating cash flow.

  4. Live Excel export

    All renovation schedules and unit flow tables export with formulas.