It seems that I’m supposed to track leases and tenants in the “leases and tenants” section. However in order to add a new lease for an existing unit, I have to create a new unit. That messes up the unit count and occupancy calculations. It also seems to mess up the calculations for income, cash flow, etc. since those use the rent roll in leases and tenants and not actual calculations based on transactitons.
So let’s say I’ve got a unit with a lease at 925/mo. That lease is expiring in March and i’m signing a new lease for $950. There seems to be no way to keep both leases over time without messing up some calculation. If I only show the current rent roll, then I avoid some problems with units, occupancy etc. But since the financial dashboard calculations, are based on rent roll and not transactions, you’ll incorrectly calculate the year if I simply change the rent from 925 to 950 on march 1st. Alternatively, if I add a ‘new unit’ that is the same unit as existing but use diffferent lease dates, it double counts the income rather than understanding that it should be 925 for the first 2 months and 950 for the next 10 in the year. There seems to be no way for your dashboards to remain accurate based on the current calculation.
I love the transaction and expense management but the ROI/Dashboard calculations seem completely useless as they are setup today. Please tell me what I’m doing wrong or adjust the logic so that it makes sense. Thanks!