Posts Tagged ‘accounting’
… to those who wait. Or something like that. Bah, we don’t like waiting either! That’s why we’ve worked the longest possible hours known to man to push out this latest massive accounting update which will have you book-keepers and accountant minded managers jumping for joy!
The RentPost accounting system has received an overhaul and we’ve included a LOT of goodies for you guys! Aside from traditional double entry accounting, support for trust accounting, move-out process expenses, refunds, forfeits, and more, we’ve included many other updates. Here are a few of the big boys…
- Support for trust accounting
- Owner minimum balances and alerts
- Move-out process wizard with journal entry support
- Contact profile updates with owner balances, profiles photos, and more
- Undeposited funds and bank deposits
- New quick access tenant actions menu
- General ledger account balances
- Owner contribution support
- Property management fees and owner statements step by step process wizard
- Other misc improvements that we know you wanted
It’s been a little while since we last spoke update talk, which should tell you just how much as gone into this release! But finally, we are extremely thrilled to provide this latest update to everyone. And, like always, we love hearing from you guys on feature requests, things that aren’t working well for you, and more. We do listen and it helps us to keep our development efforts focused. So, please drop us a line with the feedback tab within your account, even if you just want to say “hi”, that’s ok too
In the wake of the 2008 Financial/Housing Crisis, the real estate industry was dealt a series of direct blows (as could be expected), and indirect effects continue to exacerbate the pummeling; at ground zero the dust has not settled, but what can be deciphered is a re-assignment of equity and the subsequent paradigm shift within the real estate industry. Over a million new or “converted” American renters have expanded the market since the housing meltdown, and demand for “property managers” to facilitate the rental process has provided a much needed outlet for struggling real estate agents, as “income-producing properties” now provide much needed cashflows for property vendors in this stagnant sales market.
This creates an alternative for many companies and individuals who are pressed for cash but wish to hold on to their undervalued properties until prices eventually rise. The cash accumulated from collecting rents can provide the money needed to pay bills and expenses that would otherwise render them bankrupt.
The folks at RentPost predicted this transition from the “era of the agent,” and surmised that the ultimate profitability of the emerging property management industry would be contingent upon technology. We have created a user-friendly yet highly sophisticated, automated “system’s” approach to facilitating the rental process in the 21st Century.
The speed and efficiency of the Internet Age is breathing new life into an industry overdue for a makeover. Our user-interface connects tenants and landlords on a mobile, digital platform where information is more easily collected, organized, stored, and communicated. Accounting functions take this further, providing effortless assimilation of such information so that you and your employees can maximize efficiency, allocating newfound time and energy to the expansion of your company and/or services, rather than tedious number crunching and record keeping. Furthermore, accounting features help property managers (and/or landlords) to reduce the time and money they spend on record keeping and costly accountants by automatically providing up to date balance sheets, cost analysis, and a variety of ledgers, providing managers a constant calculation of their bottom line.
As a member of the “Facebook/On-Demand” Generation, I know all too well of the ever-shortening attention spans and expectations of immediate gratification that are currently entering our job markets and economy.

Online rent payment keeps landlords AND their tenants from losing hair and sleep!
I’ll concede the possibility that balancing a checkbook is an invaluable learning experience…but aren’t those just the little slips of paper you pay your rent with? You know, the little book that looks like I.O.U. stationary? Yeah, it seems like I see that little book everyday in some part of the house, but I swear it runs off and hides when the rent is due!” But alas! Online Rent Payment with RentPost.com.
Online rent payment is an invaluable service that our software provides, allowing tenants to initiate timely rental payment without the use of paper. The global economy is accelerating away from paper checks, and to many young adults, including students, rent payments (and sometimes bills) are just about the only use for a checkbook. Allow your tenants the ability to safely and effortlessly pay their rent online with RentPost…save yourself much of the hassle associated with collecting it!
In a statement released May, 2011 by the U.S. Department of the Treasury, Rosie Rios, Treasurer, formally ended the use of paper checks for Social Security and federal benefit payments.
ONE HUNDRED TWENTY MILLION DOLLARS!
The simple change keeps $120,000,000 in taxpayer pockets, saving “more than 1 billion [taxpayer dollars]” over the next ten years. The electronic payment solution implemented by the U.S. government commands the attention of all U.S. businesses still using valuable time, effort, and money processing checks. Now what about Property Management?
So, we have a big one for you guys today! We’ve just pushed out the latest release of the RentPost software. As always, everyone’s account has been updated and you will see all the new features when you log into your account. This release comes with so many things, I am not really sure I can list all of them, but here are the major features…
- Payables and receipts
- Receivables and receipts
- Journal Entries
- Management fee structures and statement based generation
- Owner report updates
- bank account updates and routing
- and much more…
This release offers a huge improvement with the RentPost accounting system, offering you even more control and features to help you manage your finances. Keep the feature requests rolling in, we’re listening and working as quickly as we can to help bring you the very best property management software solution available.
