Definition
The ledger is the operational and legal record of the tenancy. It shows every charge, payment, and adjustment in chronological order, with a running balance that can be reconstructed at any date.
The ledger is the operational and legal record of the tenancy. It shows every charge, payment, and adjustment in chronological order, with a running balance that can be reconstructed at any date.
A ledger shows rent charged $2,000 on the 1st, autopay received $2,000 on the 3rd, and a $0 balance.
In any dispute — deposit, delinquency, eviction — the ledger is the evidence. A ledger that reconciles and reads chronologically usually ends the argument; one assembled after the fact from bank statements invites the opposite conclusion.
Post charges on the day they accrue and payments on the day they are received, with the method and reference. Never overwrite history: reverse and re-post instead, so the correction is visible. Apply payments oldest charge first unless the lease says otherwise.
Editing past entries, keeping deposits on the rent ledger instead of their own line, and running a spreadsheet alongside the system so two balances exist for the same lease.
Additional rent means charges beyond base rent that the lease enforces as rent. What it covers, why the label matters, and how to bill it.
Applicant screening verifies credit, income, rental history and references. How uniform criteria work and where fair-housing risk sits.
Cap rate is net operating income divided by value. How to calculate it, what it tells you, and where the number gets distorted.
CAM is a commercial tenant's pro-rata share of shared-space costs. How estimates, reconciliation and caps work in practice.
Delinquency is the state of being past due on rent. How aging buckets, late fees and escalation work without heading straight to eviction.
Escrow is money held by a third party until a condition is met. What it means for deposits, rent disputes and closings.
$49/month includes 5 units, then per-unit pricing that drops as you grow. Optional modules are billed separately and must be added deliberately.
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