A brand new time-saving function will quickly be added to your Rentec Direct software program, enabling you to routinely break up and categorize tenant funds into particular person prices, similar to hire, late charges, and utility charges. By automating fee allocation, landlords and property managers can effectively course of tenant funds.
Rentec Direct is worked up to share some nice information! Your devoted Rentec Direct Growth Workforce has been working diligently behind the scenes to introduce a brand new function that can change the way in which you course of tenant funds. The brand new Automated Fee Allocation function is designed to considerably scale back the time spent on tenant fee processing duties, releasing up time to construct tenant and proprietor relationships or plan methods to develop your small business.
The brand new Automated Fee Allocation function is all about making your job simpler. We perceive that managing tenant funds will be time-consuming, and this new function will simplify that for you. It routinely splits and categorizes tenant funds to particular person prices like hire, late charges, and utility chargebacks, eliminating the necessity to keep in mind balances or carry out handbook calculations. Merely enter a fee quantity, and the software program takes care of the remaining, making your tenant fee processing duties a breeze.
What to Anticipate With the Automated Fee Allocation Characteristic
Easy Fee Splits
Once you enter a fee, it’ll routinely break up and apply the right quantities to every bill or transaction. You possibly can toggle the Auto-Apply function on or off at any time for those who choose handbook entry.
Mechanically Assign Classes to Transactions
Say Goodbye to handbook categorization! The software program will routinely assign the right revenue classes to every fee while you point out which Revenue Class is related to funds for particular prices inside Merchandise & Providers.
On this instance, funds utilized to late price prices could be assigned to Revenue Class 4440 routinely
Versatile Fee Software
Choose whether or not you need funds to be utilized to the oldest or latest invoices first. You possibly can simply change your choice in Accounting Defaults.
Overpayment/Prepayment Administration
If a tenant occurs to pay greater than their hire, the overpayment shall be tracked and out there for future transactions.
Tip: You possibly can simply view these balances on the newly added Pay as you go Legal responsibility Report, which will be seen together with your different Tenant Stories.
Have Questions?
Your superb Rentec Direct Success Workforce is right here to assist. If in case you have any questions, join together with your Rentec Direct Success Workforce at 1-800-881-5139, click on on the Stay Professional Assist Hyperlink in your Rentec Direct account to talk or e mail, or ship an e mail on to success@rentecdirect.com.
Counsel a Characteristic
Our purpose is at all times to make your duties as a landlord or property supervisor less complicated, faster, and extra environment friendly. One of many methods we accomplish that is by reviewing beneficial suggestions and enter from our superior shoppers. If there’s something you wish to see added to reinforce your Rentec Direct expertise, please ship your concepts and options to success@rentecdirect.com and assist us form the way forward for Rentec Direct.
About Rentec Direct
Rentec Direct delivers industry-leading property administration software program and tenant screening options to actual property professionals. Key options embrace on-line hire funds, a cellular 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 persistently the highest-rated by traders, landlords, and property managers. Acknowledged on the Inc. 5000 listing of fastest-growing non-public corporations for 9 consecutive years, Rentec Direct was additionally named Actual Property Firm of the Yr within the 2025 American Enterprise Awards and listed among the many U.S. Chamber of Commerce’s Prime 100 Small Companies. rentecdirect.com
