This number essentially tells you whether you’ve made

Managing a rental property business poses quite a few challenges for landlords. While you’re busy with day-to-day activities and managerial tasks, you may find yourself only rarely getting a good look at the bigger picture. It’s difficult to take a step back when you’re in the thick of it all, so how can you stay up to date on your finances? How do successful landlords and real estate investors routinely engage in rental property financial analysis so that they can remain in touch with their business.If you’re new to financial reporting, consider starting with a profit and loss for rental property. At its core, a profit and loss (P&L) statement (also known as a net income expense statement or rental property income statement) details all of your income and expenses for a given period.For more click here #rentalpropertyfinancialanalysis