Rent Increase

To Owners (process by the 20th of the month)

  1. Run REPORT#27 Lease Expiration report.  Enter the 1st day of the month to the last day of the month.
  2. Run RA report through M1 Software
  3. Log on to Rent Range to get 2nd report for the rental increase
  4. Figure out the increase for 1 year lease and month to month lease.
  5. Give to Manager to approve the amounts.
  6. In command center bring up the property for the increase.  Under the letter to owner bring up the letter under accounting division and under letter select RENT INCREASE TO OWNER.
  7. Fill out the rental increase to the letter with deadline to return by the 25th of the month.
  8. Email letter to the owner.
  9. Print 2 copies of the letter (Mail 1 letter to owner and keep 1 letter with your file)

To Residents (process by the 25th of the month)

  1. Under resident go to legal docs.
  2. Pull up the letter RENTAL INCREASE TO RESIDENT.
  3. Enter Address
  4. Enter Current rent amount
  5. Enter the amounts for option A and B.
  6. Enter deadline for the resident to get modification back to the office.
  7. Print 2 copies of the letter (Mail 1 letter to the residents and keep 1 letter with your file)
  8. Mail out no later than the 28th of the month to the Residents