A rent roll is a snapshot of every unit in a property: who occupies it, the lease term, the rent paid, and the unit type. It is a primary diligence document — operators read it to find loss to lease, lease expirations, concessions, and delinquency.
Reading a rent roll like an operator reveals the real story behind a property’s income: how far in-place rents sit below market, how leases are staggered, and where the upside (or risk) lives. It is paired with the trailing-12 financials in underwriting.
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