Handout
Property data sheet
One page per property. Capture it once and every downstream conversation gets faster.
Fill one of these in for each property. It is the same information our intake assistant collects, in a form you can print, complete by hand and keep in the property file.
Property
- Property name
- Street address
- City, state, ZIP
- Property type
- Square footage
- Unit / key / bay count
- Year built
- Year you placed it in service
Basis
- Purchase price or construction cost
- Land value and its source
- Depreciable basis
- Capitalised acquisition costs
- Current accumulated depreciation
- Recovery period currently used
Improvements since acquisition
| Year | Description | Cost | Still in place? |
|---|---|---|---|
Ownership
- Owning entity and type
- Ownership percentages
- Related-party tenants
- Financing — recourse or non-recourse
- States where returns are filed
Tax position
- Real estate professional status (Y/N)
- Average period of customer use, if short-term rental
- Material participation basis
- Other passive income available
- Section 163(j) election made? (Y/N)
- Expected hold period
Records available
- Closing statement
- Appraisal
- Depreciation schedule
- Drawings
- Schedule of values
- Pay applications
- Change orders
- Certificate of occupancy
No-cost feasibility review
Find out what your building is hiding.
A feasibility review is free and takes about twenty minutes. Bring the closing statement and the depreciation schedule; we will tell you plainly whether a study pays for itself.