Or, if you are looking to evict a tenant, it can serve as a record of months the tenant has gone without paying the rent. You may even want to have your tenants initial over the description of each repair to confirm that you did make it. Your ledger can serve as proof that you do diligently repair your properties. That is an important aspect that you could use in court, in case your tenant ever claims that they were withholding rent because you weren’t making repairs. It’s an organized way to keep track of what you spend and what you earn.Īt the most basic level, lease ledgers can help you ensure that all of your tenants have paid rent.Īdditionally, they serve as proof of when you’ve made repairs and how much you have spent on them. They make it easy for you to see how much you’re earning each month in rent and how much you’re spending each month on repairing your properties, home owner’s association fees, loans and property taxes. Lease ledgers, also called rental ledgers, are used to track your expenses and your rent collection. You are welcome to use this landlord lease ledger template for free.
#HOW TO DO A LEDGER SAMPLE DOWNLOAD#
If you would like to print out your own, you can download our lease ledger printable form. If you need to deduct money from the security deposit, note that in the description section. You also keep track of when your tenant paid and how much they paid.Īdditionally, you might want to include when your tenant paid their security deposit and how much that deposit was. On your ledger, you keep track of all your expenses, like taxes, mortgage, repairs, and HOA fees.
Others decide to use a different ledger per property. Some landlords choose to use one ledger for all the properties they manage. A lease ledger keeps track of the debits and credits from your account and associates them with the property they correspond to, as shown in the example below. A lease ledger follows the same concept with only slight variations. Landlord Lease LedgersĪ ledger keeps track of debits and credits from multiple accounts and shows their current balances. Rather than recording your finances throughout the notes section of your phone or on scrap paper that will get buried on your desk, you should use a form of bookkeeping called a ledger to keep your finances in order. As an investor with multiple properties, there are a lot of numbers to keep track of.