Updated over 3 years ago on . Most recent reply
How to read Rent Roll
Good morning. I'm looking at buying a quadplex and I'm trying to understand how to read the Rent Roll summary. Terms like "Loss to Lease", and really understand what I'm looking at. If anybody could assist it would be greatly appreciated.
V/r
Jason
Most Popular Reply
Whenever the market rate is higher than the current rent for a unit, there is a "loss to lease." It's just an on paper loss and showcases when units need to catch up to market rate. This won't happen over night. Tenants are on leases for different terms and lengths. It's a great opportunity for a prospective buyer such as yourself.