How do I add recurring revenue and expenses?
Recurring items are amounts that come in or go out on a schedule, like the mortgage, insurance, property taxes or condo fees. Set them up once and Rentingwell logs each one on its date.
When you add a property: near the bottom of the new-property form there are two sections, one for mortgages and recurring expenses and one for recurring revenue. Add as many as you need, each with a name (like "TD mortgage" or "Property insurance"), an amount and a schedule.
For an existing property:
- Click Properties in the main menu and choose the property.
- Click Recurring in the property menu.
- Add, change or remove items.
- Save your changes.
Recurring items are logged from now on only. To add past payments, see how to backfill your financial history.