Rissoft - Realty Information Systems

Rental Real Estate Specific Features: Tracking renewal leases is easy with the RIS program, either as an individual or as a batch process. Renewal Lease Forms can be customized to your needs and tenants can be assigned different forms to fit their status so you avoid making errors during the renewal process. Subsidy tenant billing can be customized to track the tenant portion vs. the subsidy portion, and the rent bills can be customized by you to show either the tenant portion only, or both the tenant and subsidy balances, or just the full amount due. Commercial Real Estate Specific Features: Escalation Program will calculate increases for taxes, consumer price index, and common area maintenance charges. Details for each tenant’s base, percentage, minimums and caps are stored in the tenant lease information. To calculate the tenant’s percentage, we export the tenant details into a spreadsheet with all the necessary formulas built-in. You can customize the formulas to suit any specific changes your company requires. Applied billing program allows you to apply the tenant payments to all or any part of an open billing invoice (as compared to a balance forward system that does not apply payments to billing invoices). The program will keep track of open invoices and bill the tenants accordingly on the monthly rent bill. Credit Billing Analysis Report will track and calculate remaining portion of tenant build-out allowances. Condominium/Cooperative/ Homeowners Association Specific Features: Units can be charged on a monthly or quarterly basis. The RIS program simplifies making changes to the tenant charges when the budget requires a change in the monthly charge or special assessment. Changes can be made to all units in a property simultaneously, by either a percentage change or by an amount per unit share.