A trailing twelve-month financial review examines the actual operating income and expenses of a property over the prior year. The T-12 is the most reliable indicator of how a property has actually performed, as opposed to how a seller's pro forma projects it will perform.
We audit the T-12 against bank statements, utility invoices, tax returns, and property management reports to verify that reported income is real and expenses are not understated. Line items such as insurance, property taxes, repairs, and management fees are benchmarked against market norms for the asset type and geography.
Pro forma projections sell properties; trailing financials reveal the truth. A thorough T-12 review ensures your acquisition price reflects actual operating performance.
Related services
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FAQ
How quickly can this service move in Austin, TX?
We begin the workflow immediately and keep stakeholders informed across Austin, TX.
Does this service cover markets outside Austin, TX?
Yes. We coordinate local partners so you can execute in any state while staying anchored in Austin, TX.
Who leads lender and Qualified Intermediary conversations in Austin, TX?
We coordinate with your lenders and Qualified Intermediaries, while reminding everyone that we are not a Qualified Intermediary. Every update references the exchange timeline in Austin, TX.
What documentation is delivered?
You receive organized summaries, letters, and trackers that make it easy to brief partners in Austin, TX.
Send your 1031 intake securely
We respond with next steps quickly.