Hi all,
I’m managing a property through a property manager. Rent payments are made directly to the property manager, and I receive a portion of the rent each month. I think I only need to record the money I pay to the property manager and the money I receive from them. How can I indicate in Stessa that the tenant has paid rent without creating a transaction for each payment?
@sp900409 your intuition is correct. If you’re importing details from your PM account, you must make adjustments to the transactions, which is work. You should be recording true income (rent payment) and expenses, which also requires efforts.
I generally recommend to my clients to not connect the financial and PM accounts. I know, blasphemy, what’s the point? Manual records keeps me update to date and forces me to review things. It also allows me to upload receipts, statements, and invoices on a regular basis.
-Tom