Credit Card fees to Tenant instead of Property
I think when the tenants pay the credit card convenience fee it should not go to the property tab, but to the tenants tab only. In my opinion, it is not income to the property, but to the managment company and a corresponding expense should be posted to the tenants tab to offset the fee income.
I am doing all these manually right now, but would like to see Rentec automatically post to tenants only and perhaps add the corresponding expense automatically. It sure would save me a ton of time changing all those credit card payments.
If anyone at Rentec could perhaps look at this issue, it would be helpful for those of us who agree with me.
Magnolia Property Mgmt.
Thompson, Bill commented
Totally Agree. Why would it be done any other way. As it is, it is a huge time demand .