This rent roll worksheet is an organizational tool that allows landlords to manage their investment property like a business.
Why have a rent roll?
There are times you need a rent roll:
- Anytime you acquire a loan to purchase an investment property
- Anytime you acquire a loan to refinance an investment property
- Anytime you sell an investment property
This document is a must for any investment property with more than one unit. You can:
- Quickly get a glimpse of the terms of your leases that are more prevalent.
- Quickly identify who your current lender is, basic mortgage terms, and value.
- Quickly identify market rents are – existing rents are relative to market-rate rents.
Use this rent roll as you evaluate your next investment property purchase. Make side-by-side comparisons of different properties to make an informed decision.
Use public records to fill in the blanks for things like zoning and square footage.
You can also incorporate this document into your financial statement to give a more accurate picture of the income earned from each of your units and properties.