Rent-roll for Dummies
noun
pronunciation: 'rɛnt,roʊlWhat does Rent-roll really mean?
Rent-roll is a term that might seem a bit challenging at first, but don't worry, I'm here to help you understand it easily! So, imagine you have your own small business, like a lemonade stand or a toy store. You know how important it is to keep track of all the money that comes in from your customers, right? Well, that's exactly what rent-roll is all about, but instead of a lemonade stand, we're talking about money coming from renting buildings or properties.
When someone owns a lot of houses, apartments, or other places that they rent out to people, they need to keep a record of how much money they earn from each place. This record is called a rent-roll. It's like a big list that shows all the different places they own, who is living or renting there, and how much money they pay. Think of it as a super organized chart that helps people remember all the important details about the money they make from renting out their properties.
But "rent-roll" can also mean something else. In a different context, it refers to the total amount of money that a landlord or property owner earns from renting out all their facilities. So, if someone owns three houses and earns $500 from each one, their rent-roll would be $1,500 ($500 x 3). It's a way to add up all the little amounts of money to get a big total.
So, to sum it all up, rent-roll is a term that is used when we want to describe either the record of individual rents for each separate property or the total amount of money received from renting out all the properties someone owns.
When someone owns a lot of houses, apartments, or other places that they rent out to people, they need to keep a record of how much money they earn from each place. This record is called a rent-roll. It's like a big list that shows all the different places they own, who is living or renting there, and how much money they pay. Think of it as a super organized chart that helps people remember all the important details about the money they make from renting out their properties.
But "rent-roll" can also mean something else. In a different context, it refers to the total amount of money that a landlord or property owner earns from renting out all their facilities. So, if someone owns three houses and earns $500 from each one, their rent-roll would be $1,500 ($500 x 3). It's a way to add up all the little amounts of money to get a big total.
So, to sum it all up, rent-roll is a term that is used when we want to describe either the record of individual rents for each separate property or the total amount of money received from renting out all the properties someone owns.
Revised and Fact checked by Patricia Williams on 2023-10-29 16:51:30
Rent-roll In a sentece
Learn how to use Rent-roll inside a sentece
- Rent-roll is a list that shows how much money a landlord collects from renting out their properties each month.
- When a person owns many rental homes, they use a rent-roll to keep track of the total amount of money they earn from all the tenants.
- Think of a rent-roll like a detailed report that tells the landlord how much rent money they should receive and from which tenants.
- If a landlord wants to know if all the tenants paid their rent on time, they can look at the rent-roll to find out.
- A rent-roll is like a financial record for a landlord, helping them organize and manage the income they receive from renting their properties.
Rent-roll Hypernyms
Words that are more generic than the original word.