Currently if you increase the rent on a property it changes the calculations forward and backward in time. It would be nice if you could track increases in rent through time instead of only as a single snapshot.
big +1 on this one. it would be great if leases were a historical record, not just a snapshot of the current state. As OP mentioned, when one lease expires and the information for the new lease is update, all historical financials go wonky because the pro-forma now reflects the latest lease information. Being able to keep documents and records associated with a particular lease would be a huge benefit.
Definitely agree that this would be useful. In fact, I just assumed that it would be possible and I spent a long time looking for how to add a new rent amount with a set of applicable dates before I finally gave up and posted a question to chat.
I imagine this would be applicable to several of the numerical values/assumptions (that they would be multi-valued and time-bounded as opposed to a single value) but rent is the most obvious and necessary one. I’d love to see that addition.
+1 to this. Surprised it’s not a function of the program
We have been working on a new version of the Leases & Tenants page and I am looking for a few volunteers to test the improvements and give us candid feedback.
If you’re interested, just reply to me here!
Walter, would be happy to help test this if it is still being worked on!
Good news! The updated Leases & Tenants features are now live for all Stessa users. This includes the ability to archive past and expiring tenants via the “Set Move-Out Date” button.
Please check it out! Feel free to reply here to provide feedback.
I would be interested in testing out the new Leases & Tenants information. I have lots of historical data I would love to keep.