Rent-to-Rent Properties

Getting Started

1. Turn it on — Properties → the property → Edit → switch on 'Rented from the owner (rent-to-rent)'. Enter the owner's name and email, the rent you pay them and how often, and the lease's start, end and next break date.
2. Put the rent you pay into your accounts — On the property page, the 'Rented from the owner' panel has 'Add rent to accounts'. It creates one recurring bill under the Rent expense category, from today to the lease end (nothing is back-dated).
3. Watch your margin — The same panel shows rent in from tenancies that have started, less the rent to the owner, as a monthly figure. For a council let billed per night, the 'rent in' is the monthly figure you entered on the council's tenancy, not what the council actually paid.
4. Get reminders — RentFig reminds you on the dashboard and by email before the lease ends and before a break date, using Settings → Reminders → Lease Expiry. Notice to use a break is often due months before the break date.
5. See it in reports — Accounting → Property Comparison can show only rented-from-owner properties. Reports → Yield & Return leaves them out of yield and loan to value and lists them by margin instead.