New Rent Proration Tool From Freerentalsite.com

by Jordan Muela on August 17, 2010 · 6 comments

in Uncategorized

Dave Borden recently mentioned a new tool designed to help prorate rent that is being offered on freerentalsite.com. I checked it out and it’s definitely the beefiest tool out there with lots of documentation to explain how to use it. The tool works great but it’s also really nice they explain how to use it in different situations that come up, for example when the rent due date is something other than the first of the month.

You can see the tool in action below. Tell me what you think about it.

{ 6 comments… read them below or add one }

San Diego Property Management September 2, 2010 at 7:54 pm

This is a great little tool. I’m going to send this over to the girls in the office who are doing prorations all the time by manual calculator. Thanks!

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Lam Le August 1, 2011 at 2:48 am

This is a great tool

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Patricia August 3, 2011 at 1:45 am

Great tool indeed! The Las Vegas property management company I work for is already using it since the last year. It is really useful and the girls who are doing the prorations are saving a lot of time using it.

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Jilly Whiting December 2, 2011 at 7:15 pm

We’ve always been taught that the wisest way to prorate is to divide the rent by 30 days, since some are 30, some are 31 and one is even shorter – so the average is 30 days (actually 30.41). Calculating this way brings you more rent. For example, a $500 rent prorated by 27 days if calculated by this widget is $ 435.48, whereas using the 30 day rule of thumb – the prorated rent would be $ $450. That’s a difference of $14.52. I’ll take it!

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Jim February 29, 2012 at 5:50 pm

Looks like a great tool.Nice for web site and for the resident to check an adjustment!

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New York Apartments March 9, 2012 at 7:47 am

That tool really works! It definitely saves a lot of time.

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