Understanding the importance of rent rolls
What is a rent roll?
A rent roll is a document that outlines each tenant’s rental information, including lease terms, rent payment details, and outstanding balances. Why are they important? They can help you:
- Track and collect rent payments
- Analyze your property’s financial performance
- Better communicate with your tenants
- With due diligence
- With financial reporting
One of the most important things about commercial real estate is having a clean, accurate rent roll that you can rely on for current information about your tenants. It allows you to make key financial decisions like budgeting, forecasting, and identifying areas for improvement in your portfolio.
And, when it comes time to sell a property, potential buyers use this information to determine the property’s value, lease rates and income-generating potential.
Learn more about rent rolls in our helpful blogs:
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