Information Needed to Issue Quote:

• Current Rent Roll - including:
  • Tenant Names
  • Lease Start & Ending Dates
  • Base Unit Rent (extra charges should be broken out and not included in the base unit rent)
   
• Property operating statements for the past 3 years and present year-to-date.
   
• Detailed operating budget or pro forma.
   
• Location map, color photographs and property description, including age, improvements, owner paid utilities, and mechanicals.
   
• Schedule of units showing number of bedrooms, baths, floor areas and current rents, tenant profile including student, military and corporate tenancy.
   
• For properties with commercial tenants, schedule of tenant information including lease terms, rent concessions and tenant improvement allowances, as well as copies of leases for tenants representing more than 10% of the net rentable area.
   
• Principal’s resume(s) and personal financial statement(s).
   
• Statement of terms of existing debt and/or purchase price. For purchase transactions, include a copy of the purchase contract.
   
• Proposed repairs and/or recently completed capital improvements.
   
• Market information including market rent, occupancy and demographics.