This page outlines “How It Works”, that is, the steps that USA Apartment Buyers takes during its property acquisition process.
Apartment Property Financial Data
The financial history and health of an apartment property is of key importance. The more complete and accurate the financial documents the faster a purchase offer can be made. The most common information for an offer from USA Apartment Buyers is as follows.
- Rent rolls (tenants and payment histories)
- Profit and loss (P&L) statements for at least the past 2 years
- Maintenance and repair records
- Utility bills for common areas
- Labor expenses
- Tax Statements and Filings
Analysis of Financial Data
USA Apartment Buyers will analyze all of the owner’s data. Any inconsistency will have to be resolved. Then we create estimated P&L statements for the future. Data is also gathered about comparable apartment properties in the area. This data will be the basis of our offer price.
An On-Site Visit
Our representatives will visit the apartment complex to evaluate the physical property and talk with on-site management.
Offer to Purchase
USA Apartment Buyers will then make an official offer to purchase the apartment building(s). If accepted then we will move to the next step.