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Updated over 7 years ago,
Can any property management software do this:
Hi experts. We have around 70 doors in management, and still running full steam using Excel. Its become increasingly cumbersome however to generate reports, so thought we'd ask this esteemed forum some advice. Can any software such as Buildium, Propertyware, Appfolio, etc. do this:
1) Allocate overhead across properties for property P&L? Also optionally allocate across only subset of properties, e.g. mowing lawn for a duplex, that charge only gets allocated to those 2 doors.
2) Download from bank and credit cards, and then what's the interface for quick bulk tagging - we currently tag each transaction by expensetype and property so thats 2 attributes per transaction, so how long would it take to tag say 100 downloaded rows all at once.
3) Generate monthly journal showing rent payment status by property so we know who hasn't paid and needs followup text and/or a 3 day notice.
4) Separate out management reports from tax reports. Tax => I can deduct home office internet, but for management reporting I would not include that expense - to give an example.
5) Sepearate historical perspective from current perspective since rents, late fees etc. change over time.
Thanks for any tidbits from your experiences! Live long and prosper!
P