rent roll

Beginner 🏠 Real Estate

Definition

A spreadsheet listing all tenants in a rental property along with their lease terms, payment history, and unit details—basically the property's financial DNA. It's the first thing savvy investors scrutinize when evaluating a deal.

Example Usage

The rent roll revealed that six of the twelve units were on month-to-month leases, a major red flag.

Origin

From the literal 'roll' or list of tenants and their rents, dating back to when landlords kept paper scrolls of tenant records

Fun Fact

A 'trailing twelve-month rent roll' showing actual collected rent is far more valuable than the current rent roll, which may include fantasy rents from vacant units.

Source: Property management and investment terminology

Related Terms

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