Do you have a hard time keeping track of security deposits? Your tenant pays the security deposit weeks, months, or maybe even years ago, where did it go? Did you hold the deposit in a separate bank account, did you spend it on the landscaping for a different property?
Stop worrying and start organizing with TrueRent. We know that as a property owner you are handling multiple tenants, units, and payments each month. TrueRent has created our easy Deposit Billing and Refund capability, to provide landlords with a solution to the problem.
When uploading a new tenant you have the option to Bill, Record or Refund the Security Deposit. Rather than tracking down who paid their deposit, or scavenging for old records, you have the option to attach the security deposit right in the tenant’s profile. Once the security deposit is billed, recorded or refunded, the security deposit will forever be attached to that tenant and reflected in all relevant reporting.
Keeping track of security deposits not only helps you stay organized, but can help you avoid those uncomfortable financial mishaps.