Owners want to know how their loan is going, not just the rent. Record the bank loan on the property, and Prop Rental OS works out the schedule and shows it to the owner.
Lender, original amount, interest rate, term, start date and monthly payment on the property's Mortgage tab.
An estimated balance and payoff date from the loan's schedule.
Record extra principal payments and they are reflected in the estimate.
Enter the balance from the bank statement to keep the estimate in line with the real loan.
The owner sees the loan on their property page and statements.
The owner statement can include the loan summary, for information.
Growth, Pro and Enterprise.
Open the property and the Mortgage tab.
Enter the loan details from the owner's bank documents.
Update the balance from the bank statement when you want; the owner sees it in their portal.
So you know exactly what you are getting.
No. It records the loan and shows its progress; payments are made outside Prop Rental OS.
Your staff with access to financials, and the property's owner in their portal.
No. Mortgage tracking is included on Growth, Pro and Enterprise.
Give each property owner their own sign-in: statements, income and expenses, payouts and maintenance approvals for the properties they own, in English or Spanish.
Read more →Monthly owner statements as PDF, ownership shares, W-9s collected online, and year-end 1099 totals for owners and vendors in one package for your accountant.
Read more →
Prop Rental OS