Why may a user choose to utilize the override feature in the months vacant field?

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Utilizing the override feature in the months vacant field allows users to address unique vacancy circumstances that may not be adequately captured by the standard data inputs. This feature is particularly useful in situations where external factors or specific property characteristics lead to atypical vacancy periods. For example, a property might have had a long vacancy due to renovations or unusual market conditions that are not reflected in the usual metrics used for analysis.

By employing the override feature, the user can input custom vacancy months that more accurately depict the property's performance or market realities. This flexibility helps in creating more tailored analyses, which can lead to better decision-making. It acknowledges that not all properties follow a standard pattern of vacancy and allows for a more nuanced approach to financial modeling and projections.

In contrast, options focusing on fixed vacancy rates, historical occupancy rates, or tenant feedback do not directly address the individualized circumstances that the override feature is designed to accommodate. They imply rigid methodologies or considerations that may not factor in the complexity and variability of real estate markets.

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