Multi-Unit Property

Multi-unit properties such as a duplex, quad-plex, or apartment are easy to enter into the software. It's important to create these separate units to manage tenant move-in and move-out and transaction data.

Adding a Multi-Unit Property

The system can accommodate any number of units regardless of the property type.

In your Rentec Direct account:

  1. Select Properties.
  2. Click Add A Property.
  3. Click the Multi-Unit Property box and enter the number of units to add to the main property. For example, if an apartment building has 10 units, enter a 10.
  4. Complete the form by choosing your preferences.

    System Note: Information you add to this page will auto-populate for each subunit saving you data-entry time. For instance, if rent and security deposit defaults are the same for all units, enter it here once so you won't need to edit each individual unit later with that information.

  5. Click Add Property to save.

Defining Each Subunit

Once you create your main property, it's time to define each unit before you are able to place a tenant into that unit.

In your Rentec Direct account:

  1. Click Properties.
  2. Find your new multi-unit and click on the first 'Configure Subunit'.
  3. Enter the Unit Name, Description, Address, and any other relevant information on this page.

    System Notes:

    a.  Be sure the default income and expense accounts are chosen as these tell the software which Accounts ledger to populate when posting transactions. 

    b. If you collect management fees and they weren't defined on the main property, define them here prior to placing a tenant into the system. The system does not retroactively change or post management fees meaning if this setting is not configured, management fees would need to be manually posted. 

    More information about management fees can be found here: Automated Management Fees
  4. Click Add Subunit to save.

Once you define the units, you will then see the option to ‘ Place New Tenant’.

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