That is another type of information and is available via other templates you can download here. Note that this template does not track or report the business’s cash flow. It can be used by the business’s owner or its property manager to quickly estimate income and/or profitability of either a single property, or of all properties owned or managed by the enterprise. However, for the purposes of making examples and explanations, we’ll constrain our descriptions in this article to its use for tracking activities associated with rental real estate. The spreadsheet is easily adaptable to other types of rental businesses.
But, the worksheet does not account for real estate purchases or sales. The business may rent out its own real estate as well as manage real properties for others.
Template Attributesįirst, note that the template is designed to be used by businesses renting either commercial or residential properties to others (hence the name, Rental Property Expense Worksheet). To up your financial game and properly track your rental property income and expenses, you only need to download our template, open it, and enter your data. To make our template easily accessible and customizable, we’ve built it in Excel. But to know whether or not your business is performing to your expectations, you need to maintain rental accounting records to track its progress.įor owners who rent real estate to others, the free Rental Property Excel spreadsheet is an excellent rental property accounting tool for tracking and understanding the business’s rental income, its expenses, and the net income that results from its business activities. You invest in your business to watch that investment grow. All business owners hope their enterprises will be profitable.
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