Seattle Rent Roll and T12 Verification

Yes. We match reported rent to actual bank deposits and confirm any rent abatements, deferrals, or free-rent periods that a rent roll alone might not disclose, so a lender evaluating your Seattle, WA acquisition sees accurate, verified income history rather than an optimistic projection.

Yes. Washington counties generally reassess property upon sale, which frequently raises the property tax bill above the seller's trailing figure. We model likely reassessment exposure for the relevant Seattle, WA jurisdiction so your forward cash flow projection accounts for the higher tax basis rather than the seller's stale number.

Yes. We deliver Excel workbooks with full formula transparency alongside a clean PDF summary tailored to how underwriters typically want the trailing twelve month and rent roll data presented, which shortens the back-and-forth during loan committee review.

Net operating income is revenue minus operating expenses, before debt service and capital expenditures, and it is the figure lenders and appraisers use to value the property. Cash flow after debt service is what actually reaches you as the owner. We verify the net operating income input carefully because an inflated NOI figure overstates both the property's value and your projected returns.

Yes. A lease to a family member, an affiliated business, or any tenant paying materially below market rent can distort the trailing income picture, especially if that lease is set to terminate or reset at closing. We identify these leases explicitly so they do not get baked into your underwriting as if they were arm's-length market rent.

We prioritize the verification work on properties actively being considered for identification, so a red flag surfaces before, not after, the property is locked into your identification letter. Discovering an income discrepancy after identification is far more disruptive than catching it during the underwriting stage, which is why we move quickly once source documents are available.