How do I set a Rent Increase?
Setting a Rent Increase instructs the system to expect a change in rent amount starting on a certain date. To set a Rent Increase, edit the associated Lease under the Property/Unit.
You may choose between a fixed dollar amount and a percentage amount as your Rent Increase. Click ‘Save’ to complete.
Previous rent increases are also displayed (if applicable). You can also disable a rental increase if you have decided to not proceed after it was created.
If you prefer to balance your books without cents by rounding down the rent amount to the nearest dollar.
You can also set up a rent increase reminder date for when an email of the rent increase summary will be sent out to your tenant(s). The email will only be sent if the reminder date is 90 days prior to the start date of the rent increase.