Rental Property Management Software
The RENTAL PROPERTY MANAGEMENT SOFTWARE - The Professional Landlord. combines desktop and online functionality. It is designed to handle all types of properties from residential units - single family, duplex to multi-family housing and commercial properties. The pricing structure accommodates startup operations by providing the same functionality needed by a larger, full service, multi-dimensional company. The one time license cost to manage up to 50 units is $495 while the 1000 unit version is $2,495. There is no need to learn anything new as you grow because the software for 1000 units is no different than that for 50!
PROMAS is particularly efficient for fee based managers. Features in the program accommodate the requirements for strict financial controls over owner and escrow funds and includes reports to comply with the auditory requirements of the states. Optional modules include user networking, Maintenance/Work orders, Internet Publishing, Check Reader, Tax Collection and Commercial.
PROMAS rental software has many features. This list provides a summary of the most important features.
Windows 98, NT, 2000, XP, Vista, Windows 7 and network compatible
Fully integrated double entry accounting functions: general ledger, accounts payable, accounts receivable; simultaneous cash, accrual and modified cash reporting.
MICR check printing; electronic filing for 1099's Multiple bank; checking accounts; escrow accounting; bank statement
Late fees based on % of rent charges; fixed amount; % of rent plus fixed amount; per day $ amount
Fee based managers - management ledger; split late fees, discounts with owner; management fees by unit on collected rent, fixed amount, % plus fixed amount; vacant unit fee; automatic management fees on any charge; expected fees and actual fees reports;Tax evaluation. Owner statement - publish to internet, scheduled based on distribution check; print on distribution check stub; print for any period; construct layout for each owner; alternate and third party address Bank - balance breakdown by owner; reconciliation by account; deposit slip posting; bank to bank transfers; edit deposits; check and deposit history Security deposit - automatic interest calculation; release partial amounts; multiple bank accounts; move out statement; escrow payments to vendors
Letters - custom design; multiple notices per tenant; profile, balance information insertion into letter; multiple page; send to any subset of owners, tenants, vendors, export to Word, Open Office.
Help - on-line context sensitive; procedures covering common situations; field and form level help; word, topic search, online how to documents.
Tracks - inspections due, service contracts; insurance policies, warranties, vendor insurance expirations, lease expirations, move-in, move-out appointments and many more
Notes - by owner, unit, tenant,vendor, manager; scheduled or one time; append-to owner statement; generate a reminder
History transactions - multiyear tenant, ledger (owner, partnership, unit), bank, check, invoice; receipt; filter, edit, void, reverse, NSF posted transactions.
Invoices - enter into a holding file; pay when due; auto convert from work orders; multiple line items; specify dated discounts; add vendor on the fly; bill to units; autocharge tenant portion; withhold unpaid amount from owner distribution
Charges - automatic rent and receiving; pro-rates on move-in; multiple line items per charge; easily reversed or voided; new charges while posting receipts and releasing deposits.
Receipts - distribute per preset priority; apply open credits; print receipt form; post prepayments; add new charges; edit unpaid charges.
Reports - more than 200; selectable date ranges, sort orders; restrict to, limit to, based on balance subsets; export to other applications; preview on screen; consolidate financial reports
Work orders - print or email vendor; status tracking through life cycle; vendor evaluation section; import into invoices; hold back from owner distribution; asset tracking and reporting.
Owner checks - by % of ownership; reserve amount by owner; send to alternate, third party addresses; scheduled by owner, electronic payment by ACH.