Simply tailor the phrases for utility course of charges, making certain flexibility and compliance with Rentec Direct’s new customization choice for landlords, property managers, and actual property traders.
For landlords, property managers, and actual property traders, staying up-to-date with ever-changing state and native legal guidelines is essential, particularly in terms of amassing charges earlier than a brand new tenant strikes in. Throughout america, laws regarding these “pre-tenancy” funds differ extensively, even from metropolis to metropolis. The place one state permits as an “Software Payment,” one other would possibly solely allow a “Screening Payment,” and these distinctions are extra than simply semantics; they carry totally different authorized meanings. Mislabeled costs can result in vital fines, compliance points, and expensive authorized battles.
However there’s excellent news: Rentec Direct’s new enhancement provides a simple resolution that allows you to simply tailor the time period used for charges utilized in the course of the utility course of, adapting to your native jurisdiction necessities. This characteristic immediately addresses the important want for exact terminology by making it easy to call the time period utilized in your Rentec Direct account.
This customization functionality permits you to:
- Keep Compliant: Simply alter to state or city-specific terminology necessities, lowering the danger of authorized disputes.
- Streamline Operations: Be certain every part’s constant throughout your on-line purposes, accounting ledgers, and monetary experiences.
- Improve Professionalism: Keep accuracy and transparency in your utility course of, constructing belief with potential tenants.
Introducing New Time period Customization Possibility for Software Payment
Rentec Direct’s new characteristic supplies the pliability to customise the time period that applies all through your software program, enabling you to model your organization whereas sustaining compliance.
When you’ve modified the default “Software Payment”, the brand new time period will likely be mirrored in key areas:
- Within the on-line rental utility: Current clear and legally compliant terminology to candidates.
- Within the accounting ledgers: Guarantee correct monetary monitoring beneath the right authorized designation.
- In monetary experiences: Generate experiences that align with native authorized and accounting requirements.
Professional Tip: To additional improve transparency and documentation, embody a breakdown of all charges within the “Instruction” part of your on-line utility to create transparency and documentation of disclosed costs.
Rentec Direct’s Suite of Customizable Phrases
The brand new “Software Payment” customization is a part of Rentec Direct’s broader suite of customizable phrases for generally used phrases throughout the software program. This enables for larger personalization and compliance throughout your total property administration workflow.
Presently customizable phrases embody:
- NEW Software Payment
- Default Lease
- Driver’s License
- Late Payment
- License
- Lease
- Tenant
- Zip
As soon as custom-made, the time period you’ve chosen will likely be constantly displayed in experiences, ledgers, and communications, in addition to all through your software program.
Easy Setup: Customise Your Phrases in Below 60 Seconds
By following these easy steps, you may guarantee your Rentec Direct account is absolutely aligned with state-specific terminology, enhancing your compliance and streamlining your utility course of. In lower than 60 seconds, you may customise the time period used for charges obtained in the course of the utility or pre-screening course of throughout your software program, purposes, and monetary experiences.
Right here’s the best way to arrange your customized time period:
In your Rentec Direct account:
- Click on on Settings
- Below Instruments, click on on Customise Phrases
- Subsequent to Software Payment, enter the time period to be utilized to funds obtained in the course of the utility course of.
- Click on Save Adjustments
Last Ideas
Rentec Direct is repeatedly working to empower you in right this moment’s ever-changing regulatory panorama! Options like this new customization choice, which supply each flexibility and precision, are extremely useful for serving to landlords, property managers, and actual property traders function confidently, compliantly, and effectively of their states.
Counsel a Characteristic
Our purpose is all the time to make your duties as a landlord, property supervisor, or investor easier, faster, and extra environment friendly. One of many methods we accomplish that is by reviewing useful suggestions and enter from our superior purchasers. If there’s something you wish to see added to boost your Rentec Direct expertise, please ship your concepts and solutions to success@rentecdirect.com.
About Rentec Direct
Rentec Direct delivers industry-leading property administration software program and tenant screening options to actual property professionals. Key options embody on-line hire funds, a cell app and tenant portal, emptiness itemizing syndication, and accounting instruments. Based in 2007, Rentec Direct is the third-largest software program supplier in its sector and is constantly the highest-rated by traders, landlords, and property managers. Acknowledged on the Inc. 5000 record of fastest-growing personal corporations for 9 consecutive years, Rentec Direct was additionally named Actual Property Firm of the 12 months within the 2025 American Enterprise Awards and listed among the many U.S. Chamber of Commerce’s High 100 Small Companies. rentecdirect.com
