Real Estate Rental Property Management
Property Rental Management
Real Estate Property Rental Management
The newly rewritten software introduces innovative real estate rental property management features you won’t find anywhere else.
Each month, users can seamlessly process rent for every property across all owners. The system automatically allocates funds directly to the appropriate owner property cards, distributing amounts between management fees and the reserve account.
With this streamlined workflow, you can:
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Generate a single check to your company for all management fees
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Pay vendors and owners directly from the reserve account
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Maintain complete accuracy with automatically recorded transactions
Every rent processing action creates:
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One internal withdrawal
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Two internal deposits
This ensures full transparency and a precise audit trail for every transaction.
The management fee percentage—predefined when setting up the owner—is automatically deducted from the rent and applied to the management contract on the owner’s property card. The remaining balance is transferred directly into the reserve contract, eliminating manual calculations and reducing errors.
If additional rent payments are received within the same month, the process can be repeated effortlessly, maintaining consistency and accuracy across all entries.
In addition, the software provides powerful reporting capabilities. Users can generate owner reports by date range, with the flexibility to:
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View a single property or all properties under an owner
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Print reports or save them digitally
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Easily share reports via email or other delivery methods
These reports provide a complete overview of all property management trust accounting activities, giving owners clear visibility into their rental performance.
Rental Property & Escrow Management Made Simple
Manage Owner Rental Properties
Easily manage real estate and escrow transactions by creating Owner Cards for the individuals or companies you represent, along with Property Cards to organize and track property addresses. This structured approach keeps your portfolio clear, organized, and scalable.
Process Rental Management Fees
Efficiently process management fees and reserve funds from rental income across all properties at once. Simply select a specific date or date range to handle multiple properties simultaneously—saving time and reducing manual work.
Issue Payouts
Seamlessly distribute funds with flexible payout options, including:
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Owner proceeds
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Broker management fees
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Vendor payments
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Other property-related expenses
Maintain accurate records while ensuring every party is paid correctly and on time.
Create People and Contracts
Stay organized by creating and linking:
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People (owners, tenants, vendors)
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Contracts (property and service agreements)
Associate contracts directly with properties and owners to keep everything connected and easy to manage.
Manage Short-Term Vacation Rentals
Handle all aspects of short-term rental management with ease. Process a wide range of fees, including:
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Reservation fees
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Taxes
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Cleaning fees
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Pet fees
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Rent payments
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Security deposits
Perfect for managing vacation rental properties with multiple income streams and fee types.
Multiple Transactions in One Entry
Save time with the ability to log multiple deposits or withdrawals in a single journal entry. For example:
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Record all fees for a new tenant in one transaction
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Log monthly rent along with additional charges in a single step
This feature streamlines bookkeeping while maintaining detailed and accurate financial records.
Elite Software's
Escrow Compliance Accounting Software
Designed to Keep Escrow Holders in State Compliance for the US, Canada, UK, and Australia