If you need to make an owner contribution(deposit) to their property for additional expenses, here is the steps you can follow: If you haven’t already set up a category for owner contributions. This is what you would want to do first 1. Set up a new category under Settings/Setup Categories 2. When “adding a new ..
Rentec helps you keep track of deposits for your tenants via a separate deposit ledger to ensure these deposit funds do not get mixed in with regular rent payments and monthly transactions. Most states as well as general accounting principles for landlords require this. First, click on the Tenants tab, then click on the balance ..
There’s a couple ways you could handle this; however, within this system the simplest way would be to open up the tenant’s accounting screen (Tenants / Click their current balance). Then open up the Deposit window by clicking on their deposit balance. Receive a deposit, and note the description that this is for the final ..