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 ..
You can setup an unlimited number of property managers in Rentec, and assign them to properties. Once done, the property manager’s contact information (if it differs from the main account) will appear in: Tenant’s statements Tenant’s invoices Online listings & syndication Online applications This feature is especially useful if you have numerous properties, some of which ..
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 ..
As a management company, if you typically mark-up vendor charges when posting expenses to a property, you can handle your documentation in Rentec. For example, say you receive a $90 invoice for plumbing work from ABC Plumbing. Your policy is to mark-up each invoice by $10. To reflect this scenario in Rentec, we recommend you ..
To archive and/or delete a property from your active properties, you will first need to detach any tenants associated with the property. To archive tenants, go to the tenant tab, right click on their name and select “archive”. To learn how to delete a tenant, head here: Deleting Tenants Once all tenants have been detached ..
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. ..
Within Rentec, you are able to track maintenance work orders for your properties, as well as allow tenants to report problems directly to you through their tenant portal. To create a work from your program, click on the Property tab, right click on the property name and select Work Orders. From here you will see ..
There are a couple ways to charge utilities to your tenants. Please select and follow the instructions for the category which best fits your scenario. METHOD 1: If your receive individual bills from the utility company for each tenant or property. Click the properties tab, and post an expense to the appropriate property (for which ..
If you are a Rentec PRO or PM user, you have options at your fingertips for customizing a professional rental application that your prospective tenants can access online. If you haven’t had a chance to customize your on-line application yet, head to your Settings tab, and select Rental Application Defaults. Once you have customized your ..
We’ve made it easy to find what you are looking for in Rentec Direct, and even more-so with search features on your most used pages. At the top of the Properties and Tenants tab, we’ve built in a search pane for you to quickly narrow down the list to find what you are looking for ..