Why Every Landlord Needs a P&L Statement
A profit and loss statement is the clearest way to understand whether your rental property is making or losing money. Without one, you are guessing. With one, you can see that your duplex on Maple Street earned $28,800 in rent, spent $4,200 on repairs, $1,800 on insurance, and $3,600 on property management, leaving a net profit of $14,400 before depreciation.
Lenders require P&L statements when you refinance or apply for a new mortgage. Partners and investors expect regular financial updates. And at tax time, a clean P&L makes your CPA's job dramatically easier, which means lower accounting bills for you.
RentalReportLab generates P&L reports automatically from the income and expenses you have already logged. There is no extra data entry, no spreadsheet formulas, and no formatting headaches. Just click "Generate Report" and download.
How It Works
Track Income and Expenses
Log rent payments, Airbnb payouts, and every expense throughout the year. Import CSVs from rental platforms to save time.
Select Property and Date Range
Choose one property or view all properties. Pick a single year or enable year-over-year comparison to see 2024 vs. 2025 side by side.
Generate and Share
Download a professional PDF or create a share link for your accountant, lender, or business partner. Reports update automatically as you add data.
What Your P&L Report Includes
Every profit and loss statement from RentalReportLab covers the numbers that matter most. Here is what you will find in each report:
- •Gross rental income by source: $18,000 from Airbnb, $6,000 from a long-term tenant, $2,400 from a parking lease
- •Itemized expenses grouped by category: $3,200 repairs, $1,800 insurance, $2,100 property taxes, $960 utilities
- •Net operating income calculated automatically, so you can see the bottom line at a glance
- •Year-over-year columns showing dollar changes and percentage shifts for every line item
- •Portfolio summary when running reports across all properties, with a grand total at the bottom