To achieve the best sales price for the owner , I spend a significant amount of time analyzing the historical operating statements, rent and occupancy trends, overall condition and highlights of the property.  These are evaluated with a complete submarket analysis, and determining what can be modified so that the property is operating efficiently while achieving its greatest returns.

To achieve the most accurate valuation, it is best to have these records available:

• 2-3 years historical operating statements
• Current and 3-6 months historical rent rolls
• List of capital expenditures during ownership

If you don’t have all these documents, don’t worry!  Call me and we will go over what you do have.  Keep in mind that new owners want to see how your property has been operating.  Providing these docs will not only make the due diligence process go more smoothly, but it will also justify the asking price for your property.

Absolutely!  Some investors appreciate a vacant property so they can set new rents themselves or rehab the asset.  We would also have the flexibility and benefit of underwriting various rent scenarios to see which of them result in the best performance of your property.

Let’s get started right away.  It takes a little time to evaulate your property historically and determine how to achieve its highest and best operation. 

When you start to consider the possibility of a sale, call me for a chat and we will go from there according to your schedule.