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rentables.com
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Definitions (25)
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auto charge
Auto Charge is a Rentables feature that saves you the hassle of recording recurring charges such as Rent and Property Management Fees. There is an option to enable (default) or disable Auto Charge when setting up Leases (Rent) and Properties (Management Fee). You can also setup other recurring charges to be auto charged at other intervals.
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ach
See Automated Clearing House
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account
Generally refers to a Ledger Account
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automated clearing house
Automated Clearing House (ACH) is a network used by financial institutions in the United States to facilitate the electronic transfer of funds. Rentables offers fully integrated ACH services that greatly simplify paying owner proceeds. With just a few simple clicks you can transfer owner proceeds from your trust account to an owner's checkin [..]
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crmc®
Certified Residential Management Company (CRMC®) is a level of designation offered by the National Association of Property Managers to those companies who meet certain requirements.
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cash account
In Rentables' accounting system funds are allocated to various accounts depending on their intended use. The Cash Account can be thought of as the operating funds for the respective owner or tenant. Most states require that the Cash Account be zeroed (i.e. paid out) within a specified number of days.
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co-signer
See Guarantor.
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doors
See Property.
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draw
Draw is short for withdraw and typically refers to paying (i.e. drawing) owner proceeds. A Draw represents funds paid out of the trust account to an owner, tenant, or vendor.
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guarantor
Often times Landlords will require tenants with little and/or poor credit to have some else guarantee the rent. This person is the Guarantor and can be indicated as such on the lease in Rentables. Guarantors may be the tenant's parents, relative, or friend who has better or more established credit. Sometimes they are referred to a co-signer [..]
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