Identification
NNN Replacement Property Identification
Curated single tenant net lease lists aligned to your forty five day window.
Open service →Underwriting
Rent Roll and T12 Validation
A replacement property that looks strong on a broker flyer can tell a very different story once the rent roll and trailing twelve month, generally called T12, financials are checked line by line, and San Diego, CA exchangers working against a forty five day identification window rarely have time to discover that gap after the deadline has passed. We verify in place rent, lease start and expiration dates, occupancy history, and expense reimbursement structure so San Diego, CA investors do not inherit surprises after closing on replacement property. Because fully deferring gain generally requires the replacement property to be equal to or greater in value than the relinquished asset, an inflated or misrepresented income stream can quietly turn a seemingly sound purchase into a below value acquisition that triggers boot once actual performance is reconciled. We compare the seller provided general ledger export against the rent roll and lease abstracts to catch inconsistencies before they become your problem.
A clear, reconciled financial story before every offer, so San Diego, CA investors do not identify a property that will not underwrite.
Our Process
1
Send a standardized document request list to the seller
2
Reconcile the rent roll against executed leases and amendments
3
Compare trailing twelve month income to the general ledger export
4
Test expense reimbursement and common area maintenance recovery
5
Flag variances and unresolved arrears for follow up
6
Deliver a summary memo for your lender and Qualified Intermediary
Why This Matters
Our rent roll and t12 validation service helps San Diego investors navigate the complexities of 1031 exchanges with expert guidance and personalized support. We coordinate with qualified intermediaries, lenders, and tax advisors to ensure your exchange stays on track and meets every deadline.
Service Focus
UnderwritingRent RollT12Due DiligenceSan Diego
Key Benefits
- Expert coordination with QIs and lenders
- Nationwide property identification
- Deadline management and timeline tracking
- San Diego market expertise
Frequently Asked Questions
Common questions about rent roll and t12 validation in San Diego
Do you reconcile expense reimbursements?+
Yes, we test expense stops, common area maintenance recovery, and reconciliation language against actual billed amounts so San Diego, CA buyers know what net cash flow to expect rather than relying on a pro forma figure.
How fast is the review?+
Most rent roll and trailing twelve month reviews finish within three business days for San Diego, CA exchanges, which matters when identification days are limited and you need a clean answer before committing to a property.
Can you share lender ready packages?+
We organize findings into a lender ready package so San Diego, CA lenders can underwrite without rework, which helps keep financing on pace with your one hundred eighty day closing deadline.
What red flags do you typically find?+
Common issues include rent roll figures that do not match executed leases, undisclosed tenant concessions, expense reimbursements billed but not collected, and leases nearing expiration without renewal activity, all of which San Diego, CA investors should know before identifying the property.
Does this affect my exchange value calculation?+
Yes, if actual net operating income comes in below the seller's presented figures, the property may be worth less than the purchase price implies, which can affect whether the acquisition satisfies the replacement value San Diego, CA investors need to fully defer gain.
Do you review the seller's general ledger directly?+
When the seller makes it available, yes, we compare the general ledger export against the rent roll and trailing twelve month statement to confirm the numbers tie out before a San Diego, CA investor relies on them for an offer.
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Guides
Capital Gains Tax on Rental Property
How capital gains tax applies when a San Diego rental property sells, and how a 1031 exchange can defer it.
Open service →Guides
Inherited Property Capital Gains Tax
How the step-up in basis works for inherited San Diego property, and California's community property step-up rules for surviving spouses.
Open service →Guides
Passive Real Estate Income
How net lease property, DSTs, TICs, REITs, and syndications compare as sources of passive income, and which fit a 1031 exchange.
Open service →Contact
Discuss Rent Roll and T12 Validation
We focus on matching rent roll and t12 validation opportunities across all 50 states while coordinating with Qualified Intermediaries and lenders. We are not a Qualified Intermediary.