With Landlord PRO, landlords can track expenses that are incoming and outgoing, review income based of payments received, and review all rental performance.
For more information, see below:
How to Track Payments Received Through RentSpree
1. Click the Transactions tab under the Finance section
2. All payments collected through RentSpree are automatically logged under the Transactions page for each rental unit.
- For any transactions outside of RentSpree, landlords can manually add income and expenses to their dashboard to track rental performance.
How to Manually Enter Expenses & Income for Property Listings
1. Under the Finance tab click the Transactions button
2. Once on the Transactions page, click Add Transaction
3. Once on the Add Transaction section, enter information such as Transaction name, Transaction type, and other information about the transaction
4. Once added, the transaction will appear on the Transaction page where you may Edit, Split, or Delete the transaction
How to Use the Upload Feature to Extract Receipt Information
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Go to the Finance tab and click Transactions.
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On the Transactions page, select Add Transaction.
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In the Add Transaction section, upload a receipt. Within a few moments, the transaction details will automatically populate.
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Next, enter a transaction name, choose a payment method, and review the extracted information.
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Lastly, click Add Transaction. Your new entry will appear in the Transactions tab.
How to Monitor Rental Performance
Please note a Landlord PRO subscription is needed to review advanced Rental Performance metrics and information.
1. To view advanced performance or your rental listing, click the Performance button under the Finance section
2. Once on the Performance page, you can view basic performance details by selecting the Date Range & Property. You will see information such as:
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Rent Collection Rate: The percentage of expected rent you've received.
- On-Time Rent: Percentage of payments paid on time.
- Late Payments: Number of payments that were paid after the due date.
- Expense Breakdown: Shows each expense category logged in Transactions.
3. Landlord PRO users will also have access to advanced performance metrics by selecting the "Advanced" tab, including:
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Market Based Insights: See your home's Value Growth and Gross Yield.
- Observed Performance: Including your Net Cash Flow and Net Operating Income.
RentSpree’s home value estimate is for informational purposes only, drawing on data from various sources. It is not an appraisal and should not be considered as such. The actual sale price may vary significantly from this estimate.
