Yes! Rentastic now offers a “Classification Rules” feature for premium members. This gives users the ability to set up rules for common or recurring transactions, preventing you from needing to manually categorize these transactions over and over again. Warning: Please keep in mind that misconfigured transaction rules can have detrimental effects to your account and […]
Transactions
How to Categorize Your Mortgage Payments
Mortgage Payment Categories Mortgage payments are somewhat complicated to account for because they’re composed of multiple pieces packaged together. This gives you a fixed (unless your mortgage is adjustable) monthly price that does not change, which makes it easier to predict expenses. A typical mortgage includes the following: Principal Payment: The portion of the mortgage […]
How to Handle the Sale of a Property in Rentastic: A Step-by-Step Guide
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 […]
How do you scan or attach receipts to a transaction?
Receipt scanning is a feature only available to paid users. To attach a receipt to a transaction on the main website: Click on the date of the transaction to which you’d like to attach a receipt. This will allow you to edit the transaction directly. On the transaction edit page, click “Upload Receipt Image” Select […]
View Transactions that Are Not Classified or Categorized
The Importance of Categorizing Your Transactions Real estate investors need to track various income and expense categories to effectively manage their investments. On the income side, they should monitor rental income, which includes base rent, late fees, and any additional income sources like parking fees or laundry facilities. Additionally, investors should track any income from […]
My transactions only go back 6 months
By default, Rentastic only shows 6-months’ worth of transactions. This is done to help the page load quickly. You can easily change this to your liking under Settings. Click “Settings” from the left-side menu Under the “General” tab, select your preferred length.
Manually Add Transactions in Rentastic
Rentastic allows users to manually add transactions with ease. You can add transactions either through the desktop website or by using the mobile app (available on Android and iOS). This feature enables you to keep track of all your property-related transactions in one place. To manually add transactions on the Rentastic platform, follow these simple […]
How far back does transaction data go?
We work hard to provide as much historical data as possible. However, there are limiting factors in the amount of information an institution (bank) holds and the length of time a user has had an account. All of these factors can play a part in how much data we can actually acquire when you first […]
How do I split a transaction?
The split transactions feature is only available to paid users. Splitting a transaction allows you to split a single transaction into two or more separate transactions. This is useful, for example, if you’re paying one contractor for doing work on two properties, but you want to track them separately. To split a transaction: On the […]
Export Transactions in Rentastic Support
If you’re a Rentastic user and you’re wondering if it’s possible to export transactions, the answer is a resounding yes! Rentastic makes it incredibly easy for you to export all of your transactions and classifications, but there are a few things you need to know. Firstly, to access this feature, you must be a paid member. […]