Landlords and property managers
Property management accounting: rents, deposits and profit by property
Track each property as a class, bill rent with recurring invoices, hold tenant security deposits as a liability per tenant, and see income and expenses for every building.
For small landlords and property managers with a handful to a few dozen units, $399.99 once.
No card, no account. Windows 10 and 11. United States and Canada.
What it means
In practice
Profit by property
Each property is a class. Rent, repairs, taxes and insurance carry the class, so the P&L by class shows each building's net income.
Security deposits held properly
Deposits are a liability per tenant, not income. You cannot refund more than a tenant has on deposit.
Rent that bills itself
A memorised invoice per tenant creates the rent invoice each month; payments clear it and the ageing shows who is late.
Net income by property.
Every unit, every month, accounted for
Move-in: record the deposit and the first month's rent. Every month after: rent invoices create themselves, payments are applied, and late tenants show up on the ageing report.
At tax time, the P&L by property gives the figures for Schedule E or the T776.
What is in the licence
The whole job, in one price
Tenants
Deposits
Properties
Year-end
Rent invoices that repeat every month.
What it does not do
· No tenant portal, online rent collection or lease management.
· Windows 10 and 11 for now (a Mac version is coming soon); no phone app.
· It imports your bank's statement file rather than connecting live to the bank.
Questions people ask
Before you download
How do I track several properties?
Make each property a class and tag every rent invoice and expense with it. The P&L by class shows each property side by side.
Are security deposits treated as income?
No. They are held as a liability per tenant until refunded or applied, which is how they should be recorded.
Can tenants pay online?
There is no tenant portal. You can add a Stripe card payment link to a rent invoice if you want to accept cards.
Coming from something else?
How it compares to what you use now
Get started
Every property's numbers, on your own PC.
Set up your properties as classes in the trial.
No card. No account. Nothing to cancel.