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 ..
Rentec Direct’s PM program is designed to track Property, Tenant and Owner income & expenses, linked with multiple bank accounts with ease. Gone are the days of having to record transactions in multiple locations! If you would like to also track your company’s income and expenses, (such as management fees received and expenses such as ..
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’. ..