Template For Rent Roll
Description
How to fill out Rent Roll Certification?
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FAQ
A rent roll is a list of a property's current tenants and how much they pay in rent. In practice, a rent roll is perhaps the best way to determine the true income of an existing commercial property.
The rent roll can be used to determine the annual rental income for the property. The property manager's first responsibility is to realize the maximum profit on the property that is consistent with the owner's instructions. To realize maximum profit, the property must run efficiently.
A rent roll analysis is the careful review of actual rent payments, including any fees or utilities, and comparing that to other source documents such as the lease. If any discrepancy arises, an owner can discuss it with the management team to see where the problem lies.
The rent roll includes important details like square footage, bedrooms, and bathrooms as well as rent amount. Having all these details in one report allows landlords to quickly compare their properties ? or potential investments ? against other similar properties on the marketplace.
While they contain similar information, the main difference is the rent roll focuses on gross rental income and does not factor in any expenses you may have, like mortgage payments and utility bills. A lease ledger balances your gross income and your expenses to see your net income.
