Posted on Thursday December 28, 2017 at 08:25AM in Software Updates
Landlord Software for Rental Payments - Deposit Report
Schedule My Rent landlord software offers a deposit report that shows all deposits over the dates selected. This report is often used to match deposits from Schedule My Rent with deposits on the landlord's bank account. The bank account for each deposit is listed on the report, which makes it easy for landlords that deposit money into multiple bank accounts.
This report has a summary view, which provides a summary number of fields, and a full view, which provides a complete list of all fields. This report can be downloaded in either a Comma Separated Values (CSV) format or an Excel format which allows further customization within Excel or other programs.
Posted on Sunday December 17, 2017 at 03:42AM in General
Will the repeal of net neutrality affect my ability to collect rent online?
Schedule My Rent provides landlord software via the internet. This allows both landlords and tenants to access their accounts and make rent payments 24 hours a day from anywhere with an internet connection.
The FCC just repealed the previous net neutrality regulation which required that all internet traffic be treated equally, regardless of the content provider. It also prevented blocking or throttling of traffic.
Will this affect my ability to use Schedule My Rent landlord software to collect rent online? Will it affect the ability of tenants to pay rent online? Probably not. Millions of businesses and customers use the internet and it is unlikely that internet service providers will dramatically change the current system. We will continue to monitor the rules as they are presented and provide updates.
Below is an article from Marguerite Reardon at cnet that provides a good overview.
What you need to know about the FCC's net neutrality repeal
The FCC has voted to roll back Obama-era regulation protecting an open internet. Here's a quick rundown to help you understand the issues.
President Donald Trump's FCC has put the kibosh on controversial Obama-era net neutrality regulations.
At its monthly meeting Thursday, the Federal Communications Commission, led by Republican Chairman Ajit Pai, voted to repeal regulation passed in 2015 that prevented broadband companies from blocking or slowing access to websites or services. The rules also prohibited broadband companies from offering paid-priority services that could lead to internet "fast lanes."
While many people agree with the basic principles of net neutrality, those specific rules became a lightning rod for controversy. That's because in order to get the rules to hold up in court, the FCC in 2015 reclassified broadband networks so that they fell under the same strict regulations that govern telephone networks.
Pai, who has called those rules "heavy-handed," contending that they've deterred innovation and depressed investment in building and expanding broadband networks, says he's returning the FCC to a "light touch" approach to regulation.
In November, he release a draft copy of his repeal proposal to the public. In a last-ditch effort to get Congress to step in and stop the vote, protesters gathered in front of Verizon stores and at the the FCC headquarters in Washington, DC. And they mounted online protests. But in the end, .
"The internet as we know it is not ending," Pai said. "Americans will still be able to access sites they want to visit and services they want to use. There will still be cops on the beat the way things were prior to 2015."
In case you're still unsure of what all this net neutrality stuff means, we've assembled this FAQ to put everything in plain English.
What is net neutrality?
Net neutrality is the principle that all traffic on the internet should be treated equally, regardless of whether you're checking Facebook, posting pictures to Instagram or streaming movies from Netflix or Amazon. It also means that companies like AT&T, which is trying to buy Time Warner, or Comcast, which owns NBC Universal, can't favor their own content over a competitor's content.
I understand what it means not to block or slow traffic. But what's paid priority all about?
In addition to rules that prevent broadband companies from blocking or throttling access to the internet, the FCC in 2015 included a rule that banned broadband providers from charging a company, like Netflix, an extra fee to serve its customers faster than a competitor.
Net neutrality supporters say that such fees could lead to a pay-to-play internet, with large companies like Netflix, Google or Facebook paying for speedier access, while startups, which can't afford the added cost, could get left out. And that could ultimately result in fewer choices for consumers and less innovation. It could also result in higher prices for consumers, as the added costs trickle down.
Is there any benefit to getting rid of these rules?
Broadband companies said the 2015 regulations were too restrictive. They also say they've voluntarily committed to not blocking or slowing internet access, so explicit rules are unnecessary.
While no ISP has announced specific plans to offer paid-priority services, several executives say they might in the future. They argue there are certain applications -- in medicine or in the development of autonomous vehicles -- that require fast, low-latency internet connections that a paid-priority service would deliver.
"You don't want your self-driving car operating on best-effort-delivery bandwidth," Randall Stephenson, CEO of AT&T, said last month in an interview at the Economic Club of New York. "If you have any expectation of medical professionals using wireless networks for surgery or EMS or other types of medical applications, you don't want to outlaw paid prioritization."
If broadband companies don't plan to inhibit traffic and have no plans to offer paid priority, what's the debate really about?
Fundamentally, this debate has been about whether or not the FCC should have the authority to regulate the internet.
Big companies like AT&T, Comcast and Verizon say they're committed to protecting net neutrality. But opposed the FCC's reclassification, in 2015, of broadband as a public utility, which allowed the agency to regulate their broadband networks like the telephone network.
But without classifying broadband as a utility, the FCC couldn't impose its 2015 rules.
Why were internet service providers so opposed to classifying broadband as a utility?
Broadband providers feared the FCC would try to set prices on their services or would require them to share their infrastructure with competitors. Pai says that the regulations have already hurt businesses and that investments in broadband infrastructure are down in 2017 compared to 2015 when the rules were adopted.
Net neutrality supporters disputed those points and said that phone and cable companies made record profits after the new classification was imposed. What's more, they said, broadband companies didn't tell their investors that they had to curtail investment due to government regulation.
Posted on Saturday December 16, 2017 at 07:39AM in Software Updates
Landlord Software for Rental Properties - Rent Payment History Report
The rent payment history report shows all charges and all payments over the dates selected. This report has a summary view, which provides a summary number of fields, and a full view, which provides a complete list of all fields. This report can be downloaded in either a Comma Separated Values (CSV) format or an Excel format which allows further customization within Excel or other programs.
Simply select the Reporting button on the landlord dashboard. Then select:
- Report Type: History
- Start Date
- End Date
- Report Style: Summary or Full
- Data Format: CSV or Excel
Click Export File to download the report.
Each row in the report shows the following information: (* Full Report only)
- Business Name: Business Name that tenants see when you collect rent online
- Unit Label: The custom name that was created for each unit
- Address* (Street, Secondary Address Line, City, State, Zip, Country)
- Type: Charge or Payment
- Charge Allocation*: Rent or Fee
- Charge Type*: Late Fee, Return Fee, or Custom
- Date: Date that charge was due or payment was made
- Service Date*: Date if a service was performed
- Description: Details of the charge or payment
- To Rent and To Credit*: The amount of a payment applied to rent and/or fees
- Credit Remaining: The amount remaining if a payment was not completely applied to rent or fees
- Remaining Rent Due: The amount of rent that has not been paid
- Remaining Fee Due: The amount of fee that has not been paid
- Allocations: Describes how payments were applied to specific rent or fee charges
- Created Date*: The date that the charge or fee was initially created
- Who Paid*: The person that made the payment
- Payment Method: Manually authorized, AutoPay authorized, or direct payment to Landlord
- Payment Type: ACH, Direct payment to landlord
- Account Label: Bank account where money is deposited
- Settlement Type*: Automated Clearing House (ACH)
- Settlement Date: Date money is deposited into bank account
- Return Type: Non-Sufficient Funds (NSF), Closed, Frozen, unauthorized, etc.
- Returned Date: Date the return occurred
- Returned Settlement Date: Date the return is withdrawn from bank account
Posted on Monday December 11, 2017 at 02:48PM in Software Updates
Landlord Software - Automatically Ask for Late Fees
When a tenant is late paying rent, a late fee is automatically added to the amount due. A tenant can easily see the rent and late fee that are due...and can authorize a payment for both.
What happens when rent isn't late currently, but a tenant schedules a rent payment in the future when rent will be late?
New Feature: When a tenant schedules a payment in the future that is past the grace period, the tenant will automatically be asked to add a late fee to the authorization. This saves the tenant from having to authorize a second payment to cover the late fee.
Lets go through a quick example where rent is due on the 2nd of the month and there is a 3 day grace period. This means that the tenant must authorize a payment on the 5th of the month or before to be on time. A late fee will be automatically added on the 6th of the month if the full rent amount has not been paid.
Lets also say that today is the 3rd of the month and the tenant knows they will have money in their account on the 7th of the month. The tenant can schedule the rent amount with a date of the 7th. When the tenant enters this, they will be asked if they want to also include the late fee in their payment. If the tenant selects yes, the rent amount plus the late fee amount will be scheduled for the 7th of the month. The tenant does not have to schedule a different payment for the late fee.
Schedule My Rent Landlord Software makes it easy for tenants to select any amount, any date, and even a late fee if a payment is going to be late.