You open a T12 and the totals feel off, but you cannot tell where. Taxes look high, repairs look low, payroll is hard to judge without a clean comp set. You keep flipping between reports, trying to recall what "normal" is for this asset type. That guesswork bleeds into underwriting. If you cannot place each line within a comp range, you cannot tell what is fixable and what is structural. This task turns that fuzzy read into a clear map of where the money goes and what to do about it. Underwriting ~5 min to run Benchmark Operating Expenses Against Comps Vic prompt Use Vic to benchmark operating expenses for a property using the attached financials and position each line against property-type comps. Purpose Reveals expense-side upside that can be captured in underwriting or asset management. Replaces roughly 55 minutes of manual comp work with a 5-minute process. Inputs Property Financials Required Property Details Optional Analysis Purpose Optional Output Format Optional Outputs An Excel workbook with each expense line shown in $/unit or $/SF and as a percent of total OpEx, positioned in its comp range, plus the OpEx ratio versus benchmark and the NOI delta at the target ratio, accompanied by a findings summary. Time saved Replaces roughly 55 minutes of manual comp work with a 5-minute process. How it works You send Vic the property financials, usually a T12 or operating statement. You can include property details if you have them, plus a short note on the purpose, such as acquisition underwriting or an asset management review. Vic cleans the statement to a standard chart of accounts, converts each line to dollars per unit or per square foot, and shows each as a share of total OpEx. Run it with: "Use Vic to benchmark operating expenses for a property using the attached financials and position each line against property-type comps." Vic then places your overall OpEx ratio and each major expense line within the right comp range for the property type. The output is an Excel workbook. Each tab is clear and uses standard CRE number formats. You see every line in dollars per unit or per square foot and as a percent of total OpEx, with its spot in the comp range next to it. It also shows the OpEx ratio against the benchmark and includes a short findings summary that calls out the drivers. The real value is in what you can do with it. Vic translates the expense side into an NOI change at a target OpEx ratio. If taxes, utilities, or contract services sit above the range, you see what closing that gap does to NOI. If a line is already at or below the range, it stays there. No forced savings story. Most models stop at a top line OpEx assumption and never show which lines need to move. Here, the path is clear. You can tie underwriting to specific levers and hand the same workbook to asset management with a focused set of priorities. The time savings add up. What used to take close to an hour of pulling comps, cleaning categories, and building a side by side now takes about five minutes. More important, the output is consistent across deals. That makes it easier to compare assets and defend your assumptions in an IC memo. If you often ask "are we high or low and by how much," this answers it line by line and rolls it up to NOI. It replaces instinct with a clean benchmark and a gap you can price into your underwriting.