Profit & loss per unit: reading the monthly report

The number most landlords never know is what each door actually makes after its share of the guard, the lights and the cleaning. This report is that number, every month, for every unit.

By the end of this page

You will be able to read the per-unit P&L, recognise the patterns (vacancy, repairs, capital items), and know which month a payment lands in.

Charts on a laptop beside printed bills and a calculator
Profit & loss per unit — click a rowInteractive
Harbour Ridge · Profit & loss · August 202648 units · 38 occupied · income $71,240 · costs $26,118 · net $45,122UNITRENTEXTRASDIRECT COSTSSHARE OF GENERALNET1A15,00062003,84011,7801B——1,2003,840-5,0402E18,5004842,8503,41012,7242F18,500003,41015,0903C21,0001,14004,92017,2204A18,500034,0003,410-18,910… 42 more units

The columns

Rent — the rent received in the month (see below). Extras — water, electricity, recharges, items sold, billed repairs. Direct costs — expenses recorded against this unit. Share of general — this unit's portion of every general expense, by the place's split rule, with the working one click away. Net — income minus both kinds of cost.

Patterns worth recognising

A negative vacant unit is the cost of vacancy made visible; add it up across the year and you know what a week's faster turnover is worth. A unit that is negative one month and normal the next had a repair; check whether it was billed. A unit that is always lower than its neighbours is either cheaper rent, higher area share, or a recurring direct cost worth looking at. A large one-off negative is usually a capital item; mark it capital and it moves to its own line.

Which month the money lands in

Income is counted as it arrives: every payment in the month it was received, split across the invoice's own lines and measured before tax. A tenant who pays part of September's rent in September and the rest in October shows in both months, each part in its own. There is no switch to count invoices instead. Cash vs accrual goes deeper.

Year and trend

Switch the period to a quarter or a year; every column sums. The trend view plots each unit's net over twelve months, which is where you see the slow leaks — the unit whose extras never cover its water, the floor whose share of lights is out of proportion.

Export. The P&L goes into the monthly accountant pack as CSV and PDF, with the split workings attached. The pack lists everything else that goes with it.

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