Rentable Items Policies Overview

Rentable items are specific things that can be rented to residents by any property or by a selected set of properties. Parking spaces or storage lockers are examples of rentable items.

When activated and set up, the rentable items option provides an itemized list of potential rentable items and the monthly rate for their rental. Rentable items setup also allows you to build an accounting trail by including rentable items in a general ledger account transaction.

Note

Setting up rentable items policies is optional.

Enable Rentable Items

Setup—Policies—Global Policies—Inter Property, Addl Tab

The option Use Rentable Items must be selected to enable rentable items.

Setup—Policies—Global Policies—AME, Interface Tab

The option Use Profit Centers for bank books and rentable items must be selected if you plan to use profit centers for rentable items.

Setup—Policies—Rentable Items Policies—Rentable Items Policies Tab

Options on this tab must be selected prior to setting up rentable items.

List Rentable Items

Setup—Global—Rentable Items Tab

Set up individual rentable items on this tab. You add a general category—for example, covered parking, and then you add individual components—for example, Reserved Parking Slot 1, Reserved Parking Slot 2, and so forth.