A rent roll is a document that provides an itemized report of each unit in an income-producing property, including whether or not a unit is occupied, who the tenant is, the tenant’s payment history and security deposit being held, how long the tenant has occupied the property, and the expiration date of the current lease. It is an important document that rental property investors, property managers, and lenders use to understand the income stream from a rental property. A rent roll can be created for any type of rental real estate asset, including houses and multifamily buildings, retail and office properties, and mixed-use developments.

A rent roll is used to determine the true income of an existing commercial property. It provides information such as tenant names and contact information, lease start and end dates, security deposits, CAM reimbursements, rented square footage, space descriptions, and other information. This information is used to calculate the total income of the property and is a key factor in determining the terms of a commercial real estate loan.

A rent roll is particularly useful for buyers, as it shows them how much income is being collected currently as well as how likely this income is to continue. By presenting the data in this way, knowledgeable investors will be able to spot opportunities for cash flow growth. A rent roll is also used by property managers to maximize gross rental income and improve property performance.

In summary, a rent roll is a valuable tool used by rental property investors, property managers, and lenders to understand the income stream from a rental property. It provides an itemized report of each unit in an income-producing property, including tenant information, payment history, and lease details. It is particularly useful for buyers to evaluate a potential real estate investment and for property managers to maximize gross rental income and improve property performance.