Slowly but surely we are putting the pieces in place for a comprehensive financial reporting and owner statement system. Rental expense tracking with pass thru to the owner statement (if using the property management module) is a good step in the right direction!
Ultimately we will connect the guest invoice to the property management module, but until that time this enhancement will make life a little easier for all property managers that need a way to have one-time expenses flow through to the owner statement.
We also launched a pretty slick Vendor Management component today, more on that in the next post! Happy Holidays!
Rental expenses are primarily intended to pass through to the owner statement. Unlike work orders, which are items that typically need fixing or replacing, rental expenses could be items like monthly utilities, one-time cleaning fees, etc. Any expense which you want to pass through to the property owner and have it appear on the owner statement.
Properties > Rental Expenses
Expense Listing with Filters
- Add New Expense Button
Add New Expense Interface
If you want this expense to pass through to the owner statement, you must choose the property owner from the drop down. The expense will then be allocated to the expense account of your choosing for the property owner and flow through to the owner statement.
Phase I of the long awaited property management module has launched. Phase I allows for a property manager to setup owners and assign those owners to properties. Owners are able to login with very limited rights to view the availability calendar for their property(s) and also to block out dates when their property is not available for rental.
In the Phase II release (6 weeks), we will introduce Owner Statements as well as additional reporting, enhanced housekeeping, branded owner login pages and other important features. We’ll also incorporate enhancements based upon feedback to the Phase I features. This module will be a work in progress, largely developed from user feedback and competitive research.
Our intentions with the property management module are NOT to compete with applications that charge literally thousands of dollars per month. Rather we hope to offer an economical, easy-to-use, alternative product that will work great for the majority of smaller property managers. It won’t be perfect, but it will save you thousands of dollars over larger applications while still delivering the core functionality.
In the Phase III release of the module our efforts will focus on developing additional widgets that will allow guests to search / sort through your inventory without having to view the entire multi-unit calendar. We will also be working on some quickbooks integration functionality.
In this release we are also experimenting with use of some advanced jQuery Tooltips, and form styling. It is our hope to integrate tooltips throughout the entire application in the coming weeks to make the product more intuitive and easy-to-use.
View more information on pricing for the option property management module.