Manage Financial Data
RPM helps you manage your rental properties efficiently by linking all your property-related financial data. Property records include the property purchase price and mortgage information. Tenant records include details about their deposits and rents. There are several areas for specific financial data in RPM:
- Income - Money brought in as rent for properties.
- Expenses - Money spent on properties in maintenance and asset expenditures.
- Tenants - Money brought in or owed by specific tenants.
There are data screens for both Income and Expenses in RPM. You can:
- Add or Edit Expenses
- Add Income, Monies Due, or Received Payments
- Add or Edit Income from a Property
Financial Reports include:
- Expenses Report
- Income & Expenses Report
- Income & Expenses by Property Report
- Tenant Payments Report
There are also several rent-related functions:
- The Calculate Rents Function adds rents that will be due in the next period to the Income screen.
- Review Rent Rates for a Tenant allows you to review and adjust rents in one simple screen.
- Add Income, Monies Due, or Payments functions enable you to add specific data to a specific tenant's financial records.
- The Rent Outstanding Report lets you see which rents are overdue.
- You can pro rate a first rental payment for a Tenant.
- You can create custom fees for your Tenants.
- You can record multiple payments at once.
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