Understanding the Rent Calculator

  • Last updated on October 9, 2024 at 3:31 AM

Summary

The Rent Calculator is available anywhere in Property Tree. Calculate rent and see it displayed for multiple periods or select flexible dates to calculate a part period, then push these calculations into the Tenancy and Property Profiles.

Covered in this article: 

Rent Calculator Overview

The rent calculator can be accessed anywhere in Property Tree by clicking on the Calculator Icon to the left hand side of your name.

TIP: If you access the rent calculator from the Lease & Rent or Financial Tabs on the Tenant Profile the relevant information will be pre filled based on the specific Tenancy

The Rent Calculator Screen can be dragged to your preferred position on the screen 

Note: The Rent Calculator is not available when logged into a mobile browser

Breakdown of Payments for different payment cycles

You can enter an amount and the payment cycle which will give you a break down of the Daily, Weekly, Monthly, Yearly, Fortnightly and Four Weekly Amount


Flexible Dates

Flexible dates can be used to:

  • Calculate the rental amount for specified dates eg. where a tenant is moving out 2 days after the end of a payment period
  • Calculate the number of days between dates

Monthly Rent Calculations

Monthly rent in Property Tree is based on 'Calendar Monthly' and not four weekly. 

  • Weekly Rent ÷ 7 Days per week x 365 Days ÷ 12 Months = Calendar Monthly Rent Amount

As an Example we will use the above Calculations and calculate the Monthly Rent Amount based on a weekly rent of $350.00

  • $350.00 per week ÷ 7 Days per week = $50.00
  • $50.00 x 365 Days = $18,250.00
  • $18250.00 ÷ 12 Months = $1520.83

Using the Rent Calculator on a Property Profile

When adding a new Property Profile in Property Tree you can use the Rent Calculator to add the required information under the 'Advertised Rent Information' section 

  • Managements > Profiles > Add Property
  • Add the Ownership, Property Information and Property management information 
  • Click on the Calculator Icon
  • Add the Amount and the Payment Period to the Calculator
  • The changes will display on the calculator
  • Click 'Apply Rent'
  • The Amount & Payment Period will be updated as per the information entered in the Calculator

Use the Rent Calculator on an Existing Property Profile to adjust information in the Advertised Rent Information section 

  • Open the relevant Property Profile 
  • Click on the Rent Calculator Icon
  • The current advertised rent information will display in the calculator
  • Edit the Amount and Payment Period
  • Click Apply Rent
  • The Advertised Rent Information section will display the changes you have made
  • Click Save to complete

Using the Rent Calculator on a Tenancy Profile

The Rent Calculator can be used when creating a new Tenancy profile to add the 'Advertised Rent Information' details to the Tenancy Profile

  • Managements > Profiles > Add Tenancy
  • Add the Tenancy Information 
  • Tick the box to confirm the lease has been signed
  • Add Contacts
  • Review Lease & Rent Information

If you wish to recalculate Rent Information

  • Click on the Rent Calculator Icon
  • Add the Amount and Payment Period on the Calculator
  • Click Apply Rent

Still need assistance? 

Click on the Need Help icon to the right hand side of your Property Tree screen and select Need Further Support to contact our Support Team.