RENT-IT is a fully-integrated trust account control system handling the collection of rentals for
Residential and Commercial Properties and/or levies for Body-Corporates
The rent collection system enables Managing Agents to keep track of monies owed by the tenants to the Landlords, as well as monies collected (Rental Income) and that spent (Expenses) on behalf of the Landlords.
It does this by raising debits on the tenants’ accounts and sending out detailed statements (by email) and by posting details of rentals paid. The Rent-roll reflects these details for all the tenants of the building.
The Managing agent can also post details of expenses paid out, e.g. Electricity, rates, repairs and print a Financial/Disbursement Statement reflecting all income/expenses. Track is kept of all deposits held in trust on behalf of the tenants.
The Trust Account report reflects the monies held in your bank accounts and the breakdown of to whom that money belongs.
An important aspect is controlling the collection of outstanding amounts (arrears). The Managing Agent is able to print Arrears Reports, Reminder and Arrears Letters, raise Interest on arrears (for the Landlord) and an admin fee for late payment (for your account)
Tenant Ledger cards can be viewed/printed out reflecting details of debits raised, and payments made for each month of the range selected.
The Auditor’s report can be printed for any building showing the Income/Expenses for each month of the twelve-month period (for tax purposes)
The system handles multiple Trust Accounts as well as multiple Bank Accounts.
You can set User Rights.
SMS SYSTEM - Send Rent due to Tenants or general information
Export/email TPN 6 months’ data for all tenants with one click of a button.
Rent Statements / Tax Invoice (for tenants)
Rent/Levy Rolls
Disbursement Statements
Area Letting Report
Arrears Report
Tenant’s Ledger Card
Increase of Rates Report
Deposit Breakdown Report
Collection Commission Report
Trust Account Balancing Report
Auditor’s Report
Arrears Letters