Use this free excel template to generate a balance sheet for your Airbnb, real estate or rental property business. This balance sheet template simplifies the balance sheet process by asking plain language questions and then a balance sheet will be generated from those inputs along with helpful tips about each line item.
A balance sheet for a rental property company is simply a report that displays the company’s assets, liabilities, and equity as of a specific date. Assets would include the rental properties that you own, and liabilities would include any debt or mortgages associated with those rental properties. You can also see an example balance sheet template for a generic for profit business to see the differences.
Yes. This balance sheet template will work well for any type of real estate business whether you own Airbnb units, rental properties, or other types of real estate.
There is no real difference between a rental property balance sheet and a balance sheet for a traditional business; however, you might just have some different line items which we have highlighted in our customized rental property balance sheet template.
Since a balance sheet is a listing of the value of your assets and liabilities as of a particular date, in order to create a projected balance sheet you will also need to create projected cash flow and income statements. We have a full projected financial model for both an Airbnb business and a Rental Property business that will allow you to create up to 5 years of projected income, cash flow and balance sheets.
No. Our balance sheet template will not allow you to determine cash flow potential, but we do have a Airbnb cash flow spreadsheet calculator that you can download for free to calculate potential cash flow.
No. Rent would be considered an expense if you are the tenant. If you are the landlord, rent would be considered income. Both income and expenses belong on your income statement, not your balance sheet.
The following items may be included on an Airbnb balance sheet or rental property balance sheet: