What is a profit and loss statement for rental property?

A profit and loss statement for rental property is used by owners and property managers to track income and expenses and the corresponding profits (or losses). 

 

Also known as an income statement or P&L, a rental property profit and loss statement reports the current financial performance of a property over a specific amount of time. 

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A good profit and loss statement also serves as a guide for identifying potential opportunities to increase income, reduce expenses, and maximize net operating income (NOI).

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Free rental property profit and loss template

This free rental property profit and loss template has sections for rental income, operating expenses, net operating income, and pre-tax net income. There are rows for each income and expense item, and columns for each month, along with running totals at the far right and bottom of the template. 

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Each section automatically calculates using the figures you enter. The template also updates your pre-tax income or loss, so you can tell at a glance what your potential taxable net income or loss is as the year progresses. 

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The template is a Microsoft Excel document and is fully editable so you can customize it to meet your specific business needs.

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To download the template, click on the link below, then select File at the top left corner of the page, select Download, then choose Microsoft Excel.

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Download your free rental property profit and loss template