we haven't included the bonus depreciation in our underwriting but we have certainly done cost segregation studies and utilized it in practice.

@Shital Thakkar this is spot on. Your customer base may "pre-lease" prior to the project delivering in the last couple months of construction, but they aren't pre-leasing before you start construction. Small bay tenants are looking for space next week or next month, not next year.

Let me also add that Yardi Breeze has awesome AI support tool built in. I'm usually not a fan of AI support tools, but the Yardi Breeze version gets me the right answer every time. As a small shop, I do most of the accounting and piece myself, and it is very easy in Yardi Breeze.

@Stephen Plourde Regular Breeze. Note that if you need more, you can always upgrade to Premier.

Cary - I'm in DFW also. Shoot me an email and let's grab lunch. [email protected]

@Stephen Plourde I'm using Yardi Breeze and it is super simple. If you ever grow an organization up to the level that you'd want the more powerful Yardi Voyager (which is what just about every institutional owner uses), Breeze folds straight in. The AI tool in Breeze to tell you how to do stuff is spot on. And RentCafe, Yardi's online payment portal is fantastic. We don't take checks - every one of our customers pays through RentCafe. (SIDE NOTE: I came from a publicly traded REIT that used Yardi Voyager, so everything with the system is very familiar to me from that as well)

@Stephen Plourde yes. Here's the screenshot of the set-up of the 3 CAM pools I'm using for most of our NNN Leases (Property Tax, Insurance, and CAM). First year you use it, you'll have to hand calculate your reconciliations, but after that Breeze will also calculate the cam recs for you also. I'm happy to jump on a call with you to walk you through our set-up.