What happens on its own
While a lease is Active, or Notice given after you acknowledge a tenant's notice to vacate, and until its end date:
- Rent is posted to the lease ledger each month on the rent due day.
- A late fee is posted once for unpaid rent after the grace period, if the lease has a late fee.
- Tenants who turned on autopay are charged around their chosen day.
- Tenants with notifications on get a reminder before rent is due.
If you agree to let a tenant leave before the lease end date, use End lease on the lease to stop billing.
Tenants pay from their own Pay rent page by card or bank: see Pay rent and set up autopay.
The ledger
Open the lease and its Ledger tab.
- Add Charge posts anything else owed: deposits, pet rent, fees, utility reimbursement, and so on. Give it a type, description, due date and amount. For the first month's rent, choose the type First month rent, so the monthly rent is not posted a second time.
- Record Payment records money you received outside Rentiqa (check, cash, bank transfer): method, date, amount and a reference.
- On a row you can mark a payment as failed (a bounced check), mark it resolved, or void it.
Money pages
| Page | What it shows |
|---|---|
| Payments | Every charge and payment across your properties, with totals collected and charged, and the net balance |
| Autopay | Which tenants have autopay on, upcoming charges and failed attempts. Tenants turn it on themselves |
| Late fees | The late fee rule on each lease: grace period and fee |
| Statements | A monthly roll-up of gross and net income, by year and, with the property pills, per property. Expenses come off the net. Download CSV gives the year as one file: every charge, payment and expense with the totals, for your accountant |
| Expenses | What you spent on each property: date, property, category, who you paid and the amount. Open an expense to attach the receipt (PDF or photo; private to your account). Download CSV lists the year |
A lease's late fee is set when the lease is created, from the property's Lease setup; it cannot be changed on a live lease.
Your Overview shows rent collected this month, what is outstanding, vacant units and your monthly rent roll.
Next: Maintenance and contractors.