Rentable items are items that are rented to owners but not connected to units; for example, parking spaces, carports, and storage lockers.
This article is divided into two parts:
Setting up templates for rentable items at the system level (rentable item types)
Setting up rentable items at the property level
A Rentable Item Type is a template that is used to create rentable items. At the system level, you create a list of types -- parking spaces, carports, storage lockers, and so on. If a property uses a specific type, it must be included in the system-level setup for rentable items.
To set up rentable item types
Go to Admin > Toolbox > Custom Lists and open the Rentable Item Types tab.
Add a line for each type.
The Market Rent is the expected rent amount for the item, but it can be changed when you assign an item of this type to an owner.
In the Charge field, select a charge code. Use the Property field if you want to make an item type available for a single property (not every property in your portfolio).
Click Save.
To set up rentable items at the property level
After you add rentable item types, each Property record includes a tab for rentable items.
Go to the Property screen and select the Rentable Items tab on the left side of the screen.
For each row, select a Type and enter the Item number (for example, P-01). You can copy the information to the next row, and Breeze increments the Item number automatically; for example, if you start with P-01, the next row will be P-02.
The Market Rent defaults from the amount set up at the system level, but you can edit it here if needed. The system tracks both market and current rent on rentable items.
Complete the screen and click Save.
Note: Instead of completing the screen, you can set up the rentable items for a property on a spreadsheet and import them. Begin by clicking Export Template. Complete the template and upload it, and the rentable items will appear on the tab.
What happens to Rentable Items when a unit is sold?
When a unit is sold, rentable items are transferred to the new owner.