Rentec Manual

A reserve is an amount typically held by a property manager to pay for unexpected expenses to a property during the term of management.  Typically the reserve is either paid for by the owner in advance or taken from the first month’s rent prior to the owner distribution (or owner draw).

Rentec Direct supports tracking reserves within the same interface you setup your management fees.  To get there, edit a property by right-clicking the property and choosing Edit.  Click the Property Menu in the top-right and choose Management Fees.  In the section for Property Reserve enter the amount you wish to hold in reserve for this property.

Now when either running a Rental Owner Statement (Reports, Misc) or paying an owner via ACH you will be aware of and can easily account for the property reserve.

Of note, when printing a Rental Owner Statement for a property owner the first page will aggregate all property reserves for that owner which makes it easy to at a glance determine any owner distributions due at any time, minus the target reserves.  An example report is shown below.