A bank statement isn't a record
It's good for seeing that something came in, not for knowing which month it was for, whether it was paid in full, or whether half was left pending on a verbal agreement.
Rent
What's been collected and what hasn't
The rent almost always comes in. Almost. And that “almost” is what forces you to check the bank every month, to remember whether March was late, and to reconstruct the lot come tax time.
What happens without it
The annual rise that never adds up
Applying a percentage by hand leaves cents of difference every month. Twelve months later the receipt figure and the bank figure don't match and nobody knows why.
Chasing without data
“You're two months behind” is a different conversation if you can say exactly which months, how much, and since which day.
How it gets sorted
One receipt a month, generated on its own
They come from the contract with their amount and their due date, and they can't be duplicated: the database prevents two receipts for the same month, which is the classic mistake of recording a payment twice.
Part payments, without pretending
If half is paid, half is recorded. The status isn't chosen by hand: it's worked out from what's been collected, so a “paid” receipt with zero on it can't exist.
The delay, counted in days
Every outstanding receipt says since when. No mental arithmetic and no argument about which day it was due.
The review, with a single rounding
You put in this year's percentage and the new rent is worked out to the cent, once. Rounding receipt by receipt is what makes nothing add up at the end of the year.
The month, start to finish
- The receipt falls dueOn whichever day the contract says, from the 1st to the 28th.
- The money comes inYou mark it collected in one tap, with the method.
- Or it doesn'tThe next day, one alert to your tenant. Just the one.
- End of yearThe full history, exportable for your accountant.
Questions
- Does homeify collect the rent for me?
- No. This is a record, not a payment gateway: we don't move money and we don't set up any direct debits. Collecting stays between your tenant and you, however you do it today.
- Does it work out the annual increase automatically?
- No, and that's deliberate: which index applies depends on the year and the contract, and getting it wrong has legal consequences. We store the agreed basis, you put in the percentage, and we do the arithmetic without losing cents.
- Does my tenant see what they owe?
- They see their receipts and their status, yes — and they get one alert the day after the due date if anything is outstanding. One per receipt: nagging every morning is the quickest way to get every alert ignored.
- What happens to the history when the tenant leaves?
- It's kept. When you end the tenancy they lose access, but the receipts stay: that's exactly what you need if someone disputes the deposit two years later.
Start free, no card
Setting up a home takes under a minute, and you decide later whether you need anything more.