Currently, Rentec’s program allows you the option to set management fees to automatically post as an expense to a property each month. This expense does NOT incorporate the default expense account into the transaction as most customers do not actually cut a check out of their operating account for this expense, it simply is withheld ..
For instructions of how Tenant Deposits work within Rentec, follow this link. If you are using one bank account within Rentec for all of your transactions – rent collections, tenant security deposits and property expenses – you will want to follow the steps below to ensure your ledgers reflect security deposit transactions correctly. (If you ..
As a property manager, your policy might require you forward collected tenant security deposits to the owner of the property prior to the tenant moving out of their rental. To document this in the program, follow the steps below: 1. Move a tenant into their unit as normal, through the property tab, and document their ..
Want to be sure you’re taking advantage of all of the latest program enhancements? Click here to view what our development team has been busy w..
Once your Rentec Account is enable with EasyPay Merchant ability, you will want to begin scheduling tenants for payments. (If you have a standard EasyPay account, head to this link for instructions.) First, we recommend you secure authorization from your tenant to begin using EasyPay. Under your Settings tab/EasyPay Setup, we have provided you with ..
If you have an EasyPay Merchant account, head to this link for Tenant Setup. After you have been setup for EasyPay (no merchant), we require an application from each tenant who is going to use the ACH payment option (no form is necessary for the credit card payments option through their portal.) Under your Settings ..
If you are paying for property expenses with a credit card, and you want to track those expenses, the process is very simple. First, head to your Settings tab and then select “Manage Vendors.” Then you will click on “add new vendor.” Now that you have added in your credit card as a vendor, ..
Within your Rentec program, you have the ability to not only market your property, you can accept online rental applications and application fees. Below are the necessary steps you will want to take to be able to accept online applications, accept online application fees and then run tenant screening reports. 1. SUBMIT AN APPLICATION PACKET ..
Transferring a tenant within Rentec’s program is very easy. Follow these steps: 1. If you have a tenant moving from one unit to another, you will first want to enter into their current unit’s ledger and adjust any rent charges and security deposits as necessary. 2. Once their ledger is correct, you can then select ..
Within Rentec, you are able to track multiple bank accounts. Should you need to transfer funds between bank accounts in the program, first be sure both accounts are established accounts in the program. To add new accounts, click on the Accounts tab, click on “Add new Account” in the lower left. To transfer funds, follow ..