Create default settings for HOA properties within Rentec PM
As a PM who manages HOA's and traditional multi-family housing, the ability to set the default billing and income categories for monthly dues at the property level is critical. The owners who are paying their dues are confused by the term "tenant" and "rent charges" and the income category defaulting to a rent category is incorrect and changing it each month during collections is tedious.
Gasper, Patty commented
Is there any way to over-ride this INCOME category to the EXPENSE category with the recurring transaction options?
Shaw, Kathy commented
For the purpose of reports we need to distinguish condo owners & tenants. They are entered into the system the same way and owners are treated as tenants of the association but when it comes to reports for the board, the reports needs to say "owner" and not "tenant" and rent payments. (PM user using program for Resdential & HOA accounting)