Category : Owner Operations

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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 ..

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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 ..

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At times you might find it necessary to “move” the cash flow from one property to pay for another’s expense when both properties are owned by the same owner entity.  To reflect the transferring of funds from one property ledger to another, follow the steps below: 1.  Create a custom “other” category for this transaction. ..

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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 ..

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1. To keep track of management fees, and for better reporting, we recommend utilizing the category for management fees and creating one for placement fees if you have not already done so. To do this, click the Settings tab, then click Setup Categories. Add one new category for ‘Placement Fees’. Enter the type as ‘Expense’. ..

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