Steps Needed to Allow Linda to Evaluate the Portfolio
- List of all Real Estate Holdings
- Rent Roles,
- Year to Date Reports
- Prior Year Actuals
- Capital Improvement by each Property
- Tax Records
- Mortgage Information (type, how much, prepayment penalties and when due)
- If the properties were acquired by 1031 Tax Deferred Exchange-she will need this information
- Photographs or site tour
Most Importantly, What are the Investors Goals?
Using the tools available to Linda, she will assemble the Market knowledge for the asset (even if in other markets). Once this has been done, she will do an evaluation on each property. When completed developing a blended return on all of the Assets is the next step.
Once the overall performance of the Portfolio is completed. The next step is to look at various ways to maximize the assets. This now requires the use of the CCIM training. There are ways to maximize the assets using the following methods.
- Hold and do NOTHING
- Move Equity
- Sell using 1031 Tax Deferred Exchange
- Re-position the Asset using various methods
- Cash out and Purchase other Assets
Evaluating the Portfolio takes some time, it depends on the size of the Portfolio. ONCE this is done not only does the Investor have a good understanding of where they are but where they want to go.
NOW THE INVESTOR HAS LAID THE TRAIN TRACKS TO REACH THEIR GOALS!
How Great for You!
While most Brokerages do not even offer let alone know how to do this. You are lucky to be with Gerchick Real Estate. Do not hesitate to take advantage of the Education and 50 years of Knowledge.
You Can Make It Happen!
As with any journey, the FIRST step is to DO IT! Taking the first step or even the next step is critical. Do it today and call. You will be surprised that your call is answered or returned quickly. We are known for the response. After all, if you called, you wanted to speak to someone. A very simple concept.