Property and Tenant Accounting

Simple, Flexible and Advanced Accounting

With easy to learn trust account certified general ledger accounting from Rentec Direct, you'll save time and still be able to keep detailed records.

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What Does Property and Tenant Accounting Include in Rentec Direct?

Quick Answer: Rentec Direct's property and tenant accounting is trust account certified and included with all plans starting at $45/month. It reduces rent payment posting from five traditional steps to one, automatically flowing income across tenant, property, owner, and bank account ledgers simultaneously. Features include general ledger accounting, comprehensive financial reports, QuickBooks and Excel export, owner ACH disbursements, and integrated work order expense posting — saving landlords up to 15 minutes per transaction compared to traditional accounting systems.

How Does Rentec Direct Accounting Save You Time?

Automate your property accounting with Rentec Direct. A traditional accounting system is going to take, on average, five steps to post something as simple as a tenant rent payment. Rentec reduces this process to a single step, saving you up to ten minutes per rent payment received.

Paying an owner through a traditional accounting system involves an average of seven operations, plus either writing a check or logging into a bank to send the funds. Rentec streamlines this process into just one step that takes on average only 30 seconds, and even includes sending the owner a disbursement via ACH.

Posting a maintenance expense to a property? Rentec will save you up to 15 minutes each time by using the integrated work order system.

Why Does Rentec Direct Deliver So Much Time Savings?

We know your business model and have designed the system to work specifically for your industry, therefore we can automate tasks that normally take double or triple entry in most systems.

For example, although each account in the system is separate, when you post a payment to a tenant that income automatically flows to the associated property, plus any applicable owner, and to the associated bank account. A traditional accounting system treats these as four separate transactions, whereas we can treat it as one! Best yet, if you have to edit a transaction, edit it once and it affects all affiliated ledgers.

Bottom Line - You will be floored with how much time you will save using Rentec Direct!

What Makes Rentec Direct Accounting the Right Choice for Landlords?

stream-line accounting
General Ledger Accounting
Review, edit and print ledgers for every property, tenant, owner, and bank account used to manage your properties.
Long term tenants
Trust Account Certified
Our software is certified by the strictest states to do trust accounting correctly and provide the necessary reports in the event of an audit.
stream-line accounting
Comprehensive Reporting System
A comprehensive set of financial reports is included that provide you the most relevant data quickly and easily for your clients.
full rental payments
Enforce Full Rent Payments
You can decide if you will accept full or partial rent payments from your tenants when they pay rent online.
get instant access to rental funds
Instant Access to Funds
Get access to your funds quickly, with the option to set up same day funding.
Online Rent Payments
Online Rent Payments
Your renters can set up one-time or recurring rent payments, paid with their bank account or by credit card.
pay rent with credit card
Multiple Export Options
All reports can be emailed, printed, or exported to PDF or Excel. Your data can also be downloaded and imported into Quickbooks.
pay owners electronically
Pay Owners Electronically
Property managers can send owner disbursements electronically via ACH transfers.

Frequently Asked Questions

As a tenant, if your property manager or landlord uses Rentec Direct you can pay rent by logging into the Tenant Portal or by using The Resident Connect app available for both iOS and Android.

Yes, Rentec Direct has an app that tenants can use to pay rent, submit maintenance requests, and communicate with their property manager. The app is called Resident Connect and is available for both iOS and Android. Tenants can also log in to the Tenant Portal with any web browser to pay rent as well.

Rentec Direct has an integration with Rent Reporters which enables tenants with good payment history to have that history positively impact their credit score. This promotes on-time payments and reduces delinquencies. This is offered at no cost to Rentec Direct clients. Tenants can sign up for this service from within the Tenant Portal or the Resident Connect app. Learn more about the Rent Reporters integration.

Yes, Rentec Direct makes this a simple 2-click process where you enter the property owner's bank account information and enter a dollar amount and the funds will automatically transfer from your account to theirs. A payment to an owner would be an outgoing ACH transaction, which has a cost of 50c.

Yes, in addition to ACH, tenants can pay rent with a credit or debit card. You may configure a processing fee for credit card payments which will offset your merchant processing costs.

ACH payments are transmitted to your bank account within 2 days; however, banks vary on how long it takes for them to show it as deposited into your account. Larger national banks often show the payment as posted or pending within 24 hours of it being transmitted. Smaller credit unions and regional banks can sometimes take an extra day or two. Credit card payments are transmitted to your bank on the business day following the payment.

All landlords and property managers with a business banking account are eligible. The business must be listed in your state's business registry and be in current good standing. Unregistered sole proprietors qualify as well. You just need to have a business checking account for the funds to deposit into, as the banks will not transmit rental payments to personal bank accounts. If you don't have a business checking account, they are easy to setup at most banks for both registered businesses and sole-proprietors.

Once you have a Rentec Direct account, you can apply for a merchant account from within the software. Setting up your Rentec account takes less than a minute and the merchant application process takes about 10-15 minutes. Most merchant approvals happen within 1 business day. You could be receiving online payments from your tenants as early as tomorrow.