See Automated Clearing House

Generally refers to a Ledger Account

Automated Clearing House (ACH) is a network used by financial institutions in the United States to facilitate the electronic transfer of funds.  Rentables offers fully integrated ACH services that greatly simplify paying owner proceeds.  With just a few simple clicks you can transfer owner proceeds from your trust account to an owner's checkin [..]

Certified Residential Management Company (CRMC®) is a level of designation offered by the National Association of Property Managers to those companies who meet certain requirements.

In Rentables' accounting system funds are allocated to various accounts depending on their intended use.  The Cash Account can be thought of as the operating funds for the respective owner or tenant.  Most states require that the Cash Account be zeroed (i.e. paid out) within a specified number of days.

See Guarantor.

See Property.

Draw is short for withdraw and typically refers to paying (i.e. drawing) owner proceeds.  A Draw represents funds paid out of the trust account to an owner, tenant, or vendor.

Often times Landlords will require tenants with little and/or poor credit to have some else guarantee the rent.  This person is the Guarantor and can be indicated as such on the lease in Rentables.  Guarantors may be the tenant's parents, relative, or friend who has better or more established credit.  Sometimes they are referred to a co-signer [..]

An agreement or contract between a tenant and the landlord that specifies the terms under which the tenant rents the landlord’s property. Typical lease terms include at a minimum the rent amount, required security deposits, and the time period. Generally a lease is for 12 or more months.