Finances

Why don’t I see any entries after I set up a recurring mortgage or rent?

When you add a recurring revenue or expense to a property (such as a mortgage, insurance, or property taxes) or when you set up a lease on a unit Renting Well automatically logs those financial transactions based on the schedule you choose. For example, if you collect rent on the 1st of each month the app will create […]

What are the categories for?

Great question. Categories are a key element in how Renting Well works. How you categorize an expense or a revenue item will determine how you can ultimately assess and analyze the financial information you’re tracking in your instance of the app. As an example – categorizing the different kinds of expenses you have in a property […]

How do I “backfill” my financial history?

Logging your historical finances – or what we affectionately call “backfilling” at Renting Well headquarters – can be done in one of two ways:   Repeating transactions If you’re adding a large number of the same transaction on different dates (think mortgage payments or rent) then you can manually add those as you would a single expense or […]

How do I add automatically recurring items?

This is one of our most frequently asked questions. Fortunately, it’s also one of the simpler things to do in the app. There are two ways to do this: When creating a property When you add a property, you’ll see two sections at the bottom of the page for entering recurring expenses and revenue. If you’re new to […]

How do I add revenue and expenses?

Revenue and expenses are at the core of every landlord’s activity: money in and money out. Having an accurate and up-to-date snapshot of your finances is critical. Adding revenue or an expense items is simple: Click on Finances in the main menu. Under the chart at the top of the page you’ll see your Transaction history. At the top right […]