Reconcile the income
We review trailing statements, recent collections, vacancy, concessions and bad debt. A strong month gets checked against the full year.
Our expertisePractice 02 / 05
Valuation & underwriting.
Quality of incomeThe assignment
What does the rent roll leave out?
Our broker opinion of value starts with cash collected. We build from the property’s books, then show which buyer assumptions have the greatest influence on pricing.
CO / FIELD NOTES02Illustrative scenario
Two full buildings. Two different incomes.
At one community, new residents pay from day one. At another, the first six weeks are free. Both can report the same occupancy while producing different cash flow.
Cedar Oak’s view
We reconcile the rent roll with collections, chart when concessions expire, and show today’s earnings alongside a separate stabilized estimate.
What we examine.
Normalize expenses
We separate recurring costs from one-time items and examine insurance, payroll, taxes after a sale and near-term capital needs.
Explain the range
We walk through the rent, expenses and return assumptions behind our range so an owner can see what would move it.
First conversation
Request a valuation Where to start.
A trailing 12-month operating statement, current rent roll, tax bill and recent capital improvements.