You can’t create a budget without taking inventory of your income. Step 1: Take inventory of income to determine what you can spend Rather than create a budget spreadsheet yourself, use our budget template spreadsheet to jumpstart your budget plan. For this document to work correctly, you must have a currently supported version of Office installed on your machine.How to use our free small-business budget template Note: This is a Microsoft Excel document. It’s easy to set up online rent payments with Zillow Rental Manager, the simplest way to manage your rental. Use our free worksheet template to simplify management of your rental finances, or use it as a starting point to create your own. Track your rental finances by entering the relevant amounts into each itemized category, such as rent and fees in the “rental income” category or HOA dues, gardening service and utilities in the “monthly expense” category.Īs you enter each amount, the totals update automatically at the bottom of each row for each of your properties and across for the grand total, giving you an at-a-glance view of your monthly and yearly income and expenditures.
To download the free rental income and expense worksheet template, click the green button at the top of the page. Each section automatically calculates the totals to provide your gross income, net income and total expenses for the year. Appropriate sections are broken down by month and by property. This worksheet, designed for property owners with one to five properties, has a section for each category of income and spending associated with managing a rental property. To help you stay on top of your bookkeeping, we’ve created an Excel worksheet that you can personalize to meet the needs of your rental business.
As a landlord, tracking your monthly rental income and expenses is an essential part of effectively managing your rental property and getting the most out of your investment.
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