Have you ever felt overwhelmed when it comes to accounting for your rental business? Accounting and financial management can be a challenging part of any business, including property management. Thankfully, there are tools designed specifically for you and your rental business to make the process as painless as possible. Rentec Direct gives you complete accounting software for property managers and landlords.
To make the process even easier for you, we put together a value-packed webinar to help you understand everything you need to know about stress-free accounting with Rentec Direct.
Keeping your records clean and your books in order is vital to the success of any business. When it comes to property management, you need to take extra care with your income and expenses, especially since you are often handling others people’s money (ie rent payments from tenants to owners).
Property management software is designed with your needs in mind when it comes to accurate accounting tools.
Rentec Direct Gives You ACCESS TO THE FOLLOWING ACCOUNTING FEATURES:
- Full general ledger accounting for properties, tenants, and owners. You have the power to review, edit and print ledgers for every property, tenant, owner, and bank account used to manage your properties. Traditional accounting systems are not designed for property management and require double or even triple entry of transactions to maintain accurate and auditable records. With Rentec Direct, this double or triple entry is automatically handled, saving you time and eliminating error.
- The ability to accept online rent payments via eCheck(ACH) or credit card from your tenants.
- Property managers can pay owners electronically via ACH. With two simple clicks in the system you can quickly identify the distribution amount due to an owner and electronically transfer the funds from your account to theirs. No checks to print, stamps to lick, or envelopes to stuff. The owner gets an electronic deposit into their checking account a few days later.
- Trust account certified software that complies with your state’s real estate board.
- Built-in 1099-MISC e-filing system.
- A comprehensive set of financial reports and useful reports is included. With specialized reports for property portfolios and owners provide you the most relevant data quickly and easily for your clients. All reports can be emailed, printed, or exported to PDF or Excel. All your data can also be downloaded and accessed with Quickbooks to provide a familiar format to CPAs and bookkeepers.
- A mobile system that can be accessible on the go. Imagine traveling and one of your owners requests a report. You can log into your property management software from any internet connected device to access a report to provide your owner. Or give your owner access to their own portal for them to view their own reports.
Rentec Direct Success Webinar Series
Want more helpful tips for success with Rentec Direct? Check out our current list of upcoming webinars and find recordings of past ones https://www.rentecdirect.com/blog/webinar-series/