Just got this from a res applying with a large management company.

Her application requires a copy of her current LL’s rent ledger for the past 12 months.

Good way to sort out the moratorium and “living off emergency rent program money” folks.

BTW her payment record is perfect because we autodraft weekly. No lost in the mail or late payments.

Autodraft is a game changer! When you sadi years ago,"it's like printing money!" IT IS

Easier to budget

Easier for bookkeeping

Easier to sleep at night!

Brad, what does a rent ledger look like?

Rent ledgers are being required from rent-assistance agencies. With just my little four property empire, I do mine olde-school. Pencil on a thirteen column ledger sheet, where I created the headings.

A younger landlord, who should be looking to expand his empire ( ahem!) might be best to set up a spreadsheet in electronic form. Excell being the first option that comes to mind. Again, the user creates the headings. I have heard good things about Buildium, which likely has a rents received ledger in its portfolio of landlording/ property management tools.

That landlords are requiring proof of rent payed is good. How easy they are to forge?

I'd rather take an applicant that couldn't get the landlord to give a copy of the ledger than a person who knew how to forge one. Ah, there's the rub!

6, a rent ledger is basically a document that shows what you owe and what you paid over time. Basically a ledger of charges and payments on your account. Most of the different property management software will have a way to print that report so it's just a push of a button.