How do I change a Property’s Monthly Rent amount?
1. If a Property is currently Vacant, its Monthly Rent amount will be displayed in grey on your main Properties dashboard. To change the displayed monthly amount, hover mouse over the Property and click Edit.
Enter intended rent amount and/or frequency, click ‘Save’.
The Monthly Rent will then be updated.
If it’s a Multi-Unit Property, you would need to edit individual Unit information instead. The Property’s Monthly Rent amount would be all Units’ Monthly Rent amounts combined.
2. If a Property is currently Leased, its Monthly Rent amount will be displayed in blue on your main Properties dashboard. The Monthly Rent amount reflects the Property’s ongoing Lease(s). If there is more than one active Lease, the Monthly amount will be the combined amounts from the Leases. Therefore, to change the displayed Monthly Rent amount, you would need to change specific terms from the Property’s active Lease(s).
3. If a Property’s Monthly Rent is $0 in blue, it indicates that the Lease hasn’t started or has just started but hasn’t reached its first rent payable date yet. For example, if a Lease starts on Jan 15th and the rent is payable on 1st of each month, then the Monthly amount will stay $0 until Feb 1st.