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. ..
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 ..
You can setup your own dedicated merchant account using Rentec Direct for accepting ACH and credit cards. One of the major benefits of having your own merchant account tied to Rentec EasyPay is being able to pay owners via ACH. But that’s not all. Setting up a merchant account has these benefits too: Quicker turn-around ..