Milo vs. redIQ: Which Multifamily Underwriting Tool is Right for You?
redIQ is the enterprise incumbent. Milo is the modern, accessible alternative. Here's how they compare for your deal flow.
Choose Milo if you want:
- Transparent pricing ($99-$199/mo)
- Self-serve signup—no sales calls
- AI extraction in under 15 seconds
- Real-time scenario modeling
- Modern, intuitive interface
Choose redIQ if you need:
- Enterprise-grade SLAs
- Proven track record with large institutions
- Existing Excel workflow integration
- Dedicated account management
- Complex institutional requirements
Feature-by-Feature Comparison
| Feature | Milo | redIQ |
|---|---|---|
| Pricing | $99-$199/mo | Enterprise pricing (contact sales) |
| Sign-up process | Self-serve, start in minutes | Sales demos required |
| Data extraction | Purpose-built AI extraction | Legacy OCR + QuickSync Excel plugin |
| Time to extract | <15 seconds | Varies by document |
| Accuracy | 99% | Not publicly disclosed |
| Scenario modeling | Real-time sliders | Excel-based modeling |
| Ideal for | Solo operators to mid-size teams | Large institutional teams |
| Learning curve | Minutes to learn | Training often required |
| API access | Available on Max plan | Enterprise only |
Speed: Get to Analysis Faster
Milo's AI extracts data from rent rolls and T12s in under 15 seconds with 99% accuracy. You're analyzing deals while others are still setting up their spreadsheets.
redIQ uses a combination of their QuickSync Excel plugin and valuationIQ platform. It's effective but requires more steps and often more manual verification.
Pricing: No Enterprise Sales Cycle
Milo offers transparent pricing: $99/mo for Pro (25 deals) and $199/mo for Max (75 deals). Sign up, pay, and start underwriting in minutes.
redIQ uses enterprise pricing that requires demos and sales conversations. Great for large institutions with procurement processes, but overkill for smaller teams.
Ease of Use: Start in Minutes
Milo's interface is designed for acquisitions analysts who want to move fast. Upload a document, get structured data, run scenarios with real-time sliders. Done.
redIQ has powerful features but is designed for teams with dedicated training time. Their Excel plugin model works well if you're already deep in spreadsheet workflows.
Who Is Each Tool Best For?
Milo is ideal for:
- Solo operators and syndicators
- Small to mid-size acquisitions teams
- Brokers preparing deal packages
- Analysts who want to move fast
- Teams tired of enterprise software
redIQ is ideal for:
- Large institutional investors
- Teams with dedicated IT support
- Organizations with existing redIQ workflows
- Firms requiring enterprise SLAs
- Complex multi-team deployments
Frequently Asked Questions
For small to mid-size teams, absolutely. Milo offers transparent pricing ($99-$199/mo vs enterprise contracts), self-serve signup (no sales calls needed), and modern AI extraction that gets you underwriting in minutes instead of hours. If you need enterprise features like SSO or dedicated support teams, redIQ may still be the better fit.
Ready to try the modern alternative?
Start underwriting in minutes. No sales calls, no enterprise contracts. Just fast, accurate deal analysis.