Understanding the Money In/Money Out Report A Money In/Money Out Report is a critical tool for managing your financial health, especially in real estate investing. This report tracks all cash inflows and outflows, providing you with a clear snapshot of how money is flowing in and out of your business. By regularly reviewing this report, you […]

Understanding Custom Categories (Chart of Accounts) for Real Estate Investors For residential real estate investors, managing finances effectively is crucial. One key aspect of this is setting up a well-organized chart of accounts, which includes custom categories for assets, liabilities, and equity. This setup is essential for accurate financial tracking, reporting, and decision-making. What Are […]

What is a Balance Sheet? A balance sheet is a financial statement that provides a snapshot of your financial position at a specific point in time. It details your assets, liabilities, and equity, giving you a clear overview of your net worth. This essential financial document helps investors, including real estate investors, understand their financial […]

In this article, you will learn about the new timeframe options when you generate your P&L and Cash flow reports. Creating the Report From the Dashboard, simply click Reports. You have the option to select Profit & Loss or Cash Flow Report on the leftmost list or click Generate Report on the right side to […]

Rentastic enables you to choose the file type for your P&L report. Here’s a quick guide to export in CSV format the P&L report. After generating the report, click on Export, and the options as to what type of file you prefer will appear. Choose to Export as CSV.

After you have created the reports, you now have the ability to preview them before exporting. This enables you to double-check if you are exporting the correct information. Report Preview The report preview will then generate Before exporting you can select the Export format. After choosing the file type you can click on export and […]

Our team is diligently looking for ways to improve the Rentastic app. As of the moment though, we do not support generating an all-in-one cash flow report for multiple properties that you added.  Don’t worry though, you are still able to export cash flow reports for each property and have yourself or your bookkeeper consolidate […]

There are a number of categories that are not listed on your P&L Statement, because they are not tax deductible expenses, per the IRS. For example, categories such as “Mortgage Payment”, “Down Payment”, and “Transfer” are not valid expenses, because money is not actually leaving your pocket. You’re simply moving money from one location to […]

When selling a property in Rentastic, it’s important to ensure that all financial data is handled correctly for accurate reporting and future reference. This guide will take you through everything you need to know, from categorizing your transactions to running essential reports, and finally archiving your property once it’s sold. Never Delete a Property in […]

“Mortgage Payment” is not listed on your Profit & Loss (P&L) statement, because mortgage payments are not a tax-deductible expense per the IRS. While the mortgage payment itself is not deductible, the interest portion of the payment is. Because there are so many variables that go into calculating mortgage payments, Rentastic does not track the […]