I've got a possible, likely buyer on my rentals. But he's asking for a profit and loss on the units. I don't think it would make the sale more likely if I provided it. What is a good way to handle this and keep the over eager lead's interest? --70.195.xx.xxx

Tell him he can see it after there is a sales agreement. --174.201.x.xxx

And if he asks why, tell him because your numbers and his numbers will be different. --174.201.x.xxx

--71.13.xx.xxx

P/L is pretty standard for larger multi's. I would provide the cap rate only until I got a contract (which will probably be with a discovery clause) and then have them sign a non disclosure before I provide it. --74.196.xx.xxx

The seller provided that, the deal got done. --73.161.xxx.xxx

Photo copies of all the utility bills, property taxes, garbage disposal along any repairs done. A annual rent roll along with what capital work was done. --207.164.xxx.xxx

How about.. "Hey Mr. Buyer, taxes are $$, rents are $$ and expenses are going to be as high or as little as your business plan, they will differ from mine." --66.87.xx.xxx

I always ask for a p&l for income property, and if My request wasn’t accommodated, I would be done. --72.172.xxx.xx

I agree with Sisco --76.189.xxx.xxx

I have no issue providing one. But don't necessarily see the point. I can fudge my figures easily. But I don't. There isn't really any super sensitive info in it. --68.107.xxx.x

Are you prepared to lose this sale if you don't provide it. Pretty much any business sale, and I would put multiple rentals into the business category, would be asked fo such info. A buyer wants to know what they are paying for. You can have a non-disclosure signed. --96.236.xx.xx

who would buy a business and not know what the income and expenses are? --72.95.xx.xxx

--50.32.xxx.x

I understand why he's wanting one. I didn't get one when buying them as REOs.. if it was a couple of houses, I'd laugh at such a request. --173.24.xxx.xx

I get what you're saying...on SFHs a P&L is ludicrous. But on a package deal like this, it's something I'd want to see. Bare minimum, maybe a copy of the Schedule E. --173.19.xx.xxx

It seems like a reasonable request to me. I'd definitely ask for it. I would want to see what the expenses were to see how much preventative maintenance vs. fixing problems was done. I also want to see how much rent was actually received. If it rents for $1k a month, ok cool. But over the past 12 months, is that only 2 months at $1k, or 12 months at $1k. I don't pay attention to expenses that closely as they will definitely be different from my business plan. I just look at them to see what kind of repairs and maintenance have been done. Like a few others that have answered, I would move on if the seller refused to proved. --98.175.xxx.xxx

Of course you need to provide financials if you are selling your property. Be ready for more: 2 years worth of tax bills, utilities, maintenance, etc., etc., and the Schedule E's. A serious buyer on a multi-unit property will expect it. --23.30.xx.xxx

I ask for a copy of the seller’s schedule E for the property being purchased. I don’t think it’s an unreasonable ask. --174.224.xx.xxx

Kim & Sean have it precisely. I always require when buying. is not unusual so provide if you are serious seller. --104.218.xxx.xx