Who this is for
- Long-time landlords ready to step back from tenants and repairs
- Owners who inherited a rental and aren't sure what to do with it
- Investors who want to sell one property and buy another [PLACEHOLDER: mention "1031 exchange" only with the line "talk to your tax advisor"]
- Owners who are curious about value, with no plan to sell yet
How income property is valued
Buyers and lenders for 2+ unit properties look closely at:
- Rent roll: current rents, lease terms and vacancies
- Operating expenses: taxes, insurance, utilities paid by the owner, maintenance, management
- Net operating income (NOI) and the cap rate buyers are paying in your area
- Financing: what a lender will lend on the building's income
I'll show you each of these numbers so you can see how the value was reached.
Your options, explained plainly
List it on the MLS.
Maximum exposure to buyers across the metro.
Sell quietly, off-market.
I can bring your building to a small group of qualified buyers without public marketing, if confidentiality matters more to you than maximum exposure. [PLACEHOLDER: confirm United Real Estate's policy on office exclusives / pocket listings and the MLS Clear Cooperation policy before publishing this option]
Wait.
If now isn't right, you'll still have a current number and a plan for when it is.
Important disclosure
I am also a partner in JH Property Partners, which buys multifamily property for its own ownership. If JH Property Partners, or I personally, ever want to make an offer on your property, I will tell you that in writing before any negotiation, and you are always free to have your own agent or attorney represent you. You never have to sell to us.
FAQ
Is this really free?
Yes. There's no cost and no obligation.
Will you put my property on the market?
No. Nothing is listed or shared without your written OK.
How accurate is it?
It's a licensed agent's opinion of value based on the information available. It's not an appraisal. The more rent and expense detail you share, the more useful it is.
Do you work with properties outside Kansas City?
Yes, within about an hour of the Northland on both sides of the state line, including St. Joseph, Lawrence, Leavenworth and surrounding towns.
A broker price opinion or comparative market analysis is not an appraisal and should not be relied on for lending purposes.