Blind Spots in Underwriting Models: Why Numbers Alone Can’t Save You

Overview

In this episode of the Ironclad Underwriting Podcast, Jason Williams and his business partner Frank Patalano tackle one of the biggest red flags in real estate underwriting, blindly plugging numbers into models without understanding what they mean. From overwritten formulas to unrealistic rent projections, Jason and Frank break down common mistakes they see investors and analysts make, and how these errors can cost deals, returns, and credibility. Whether you’re building your first model or reviewing your tenth, this episode will sharpen your eye for detail and help you spot the traps before they derail your underwriting.

Topics Covered

• Why blindly entering numbers into spreadsheets creates hidden risks

• Common pitfalls with rent premiums, occupancy rates, and renovation timeli ...