Our NOI (net operating income) audit is geared toward buyers and lenders for all types of commercial real estate. We validate the NOI of a given property by completing a detailed, line-by-line analysis of historical operating results of the asset. This entails reviewing all supporting documents, including operating statements, general ledgers, bank statements, service contracts, real estate tax bills, and payroll schedules.

Our lease file audit is geared toward buyers and owners of multifamily real estate, including apartments, senior living, and student housing. We validate the current rent roll of a given property by reviewing every lease file and all relevant addenda. In addition, we provide an in-depth demographic analysis of the tenant population through a detailed review of tenant applications and credit screenings.

Our property management audit is geared toward owners and asset managers for all types of commercial real estate. We evaluate the property manager’s compliance with the terms of the property management agreement. This entails a rigorous review of the manager’s operations and all supporting documents, including financial reports, bank statements, certificates of insurance, payroll registers, and service contracts.