If the answer to this question is yes, then you will have found that finding a software package to deal with the accounting side of property management has not been easy.
We have introduced two features to the Landlord Manager for Sage software to ensure your landlord's receive their rent on time.
Guaranteed Rent (Client Account)
This is where you the agent are managing a property on behalf of the landlord and either you or an insurance company pay the landlord the rent should the tenant default. Landlord Manager accounts for this through the client account and will transfer funds from the office account to pay the landlord. The office account is then credited once the money has been received either from the tenant or the insurance company.
Guaranteed Income (Profit & Loss Account)
This is where you the agent effectively become the tenant for the landlord's property and pay the landlord the rent regardless of the property being let. Landlord Manager accounts for this outside of the client account and through your profit and loss account. In effect you are purchasing the rent from the landlord and selling it to the tenant.
Accounting software recommended by over 90% of accountants
Why not contact us and book your no-obligation online demonstration to see how Landlord Manager for Sage can produce your accounts in a format your accountant will appreciate and that you can manage simply.
Landlord Manager for Sage is the only Property Management Software driven by Sage accounts and can be purchased on a monthly or one-off basis.
Please call on 0114 2307305 or visit our website
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