In this article, we’ll show you how to manage attachments for your properties, including adding, downloading, and deleting them. Whether you’re a property owner, manager, or part of the real estate industry, Rentastic makes it easy for you. First, you would want to go to the Properties section from the left menu and select the […]
Properties
How To Edit My Property?
In order to edit your property information, you have to log in through https://rentastic.io/ and follow the next instructions. Go to Properties. Select the properties you want to edit. Click the Edit button on the top right. You should be able to update your property details and click on Update once everything looks good.
How Do I Add Multiple Units Instead of Properties?
By default, Rentastic recommends that you add properties as a whole, as opposed to individual units. For example, if you’re adding a triplex to Rentastic, all three units will count as one property, rather than three individual properties (one for each unit). We realize that many people want to see the performance of their individual […]
How Should I Handle the Sale of a Property in Rentastic?
If you’ve sold a property, you will still use Rentastic as you previously would track and manage all of your expenses. Once the property has officially sold, you can do one of two things: 1. Add a manual transaction, classify it as “Income”, and enter the dollar amount that correlates to the proceeds of the […]
Sorting Property Order in Rentastic
Rentastic introduces a dynamic feature. You can control the order that your properties are sorted. By default, the sorting property order is set to their addition date. However, Rentastic allows you to redefine this order according to your preferences. Managing multiple properties demands efficient organization. Having the ability to display them to your liking enhances […]
What is the 1% Rule?
The 1% Rule is a “back of the napkin” type calculation for real estate investors to quickly analyze a property on the go. The 1% Rule states that for an investment property to be profitable, it should rent for at least 1% of its purchase price. For example, that means that if we were purchase […]
What is ‘Cash-on-Cash Return’?
Cash-on-Cash Return is a metric used by real estate investors to show the rate of return of a given property, compared to the initial capital investment required to purchase it. This includes down payment, closing costs, and any rehab/repairs required. To calculate the cash-on-cash return, we use the following formula: Cash-on-Cash Return = Annual Net […]
What is Net CFPU?
CFPU (Cash Flow Per Unit) is another performance metric used by real estate investors to gauge the profitability of a specific investment. CFPU is based off a rolling 12-month period. If your data looks lower (or higher) than expected, and you haven’t yet been tracking a property through Rentastic for a full year, be patient […]
Why Does My ‘Zestimate’ Show $0?
If your ‘Zestimate’ is showing as $0, there are two likely reasons: Zillow doesn’t currently have any data on your property Your property address doesn’t exist
What is ‘NOI’?
NOI (short for Net Operating Income) is a metric used by real estate investors to analyze the profitability of a given property. NOI is calculated on before-tax income. NOI is very easy to calculate. It’s simply the income generated by the property, minus all reasonable expenses (excluding financing and capital expenditures). Also see: Why does […]