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13.2. Rent cycle🔥🔥🔥

If there is one tutorial you must watch, it's this one! The key workflow from receiving rent, to paying landlords

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By Ivy Roman

August 30, 2024

This tutorial takes you through the key workflow of a property manager.

💡 Are you still reconciling your rents manually?
If you're collecting rent and paying landlords one by one (manually), then you could be burning days, if not weeks of your time each month.

Master this process, and you could be receiving rent and paying hundreds of landlords within one hour each month (yeah it sounds too good to be true).

RECAP

  1. Collect rent by uploading a bank statement and automatically matching rents received with rents that are due in the system

  2. Process work orders
    Go to Accounts > Properties by landlord and check for any work orders that need to be processed

  3. Pay landlords and contractors
    Send statements and remittances

  4. View transfer report

  5. Transfer funds (pay yourselves)

*** INTERACTIVE QUIZ ***
Are you ready for the challenge?
Test your knowledge with 10 accounts related questions.
https://www.gnomen.co.uk/q

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