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Common Area Maintenance (CAM) Charges
Manually calculating and reconciling your CAM charges can be a hassle. If your portfolio consists of commercial or retail office space, then the Rent Manager CAM module can make your job much easier. The Rent Manager CAM module is a powerful, easy-to-use tool for managing your Common Area Maintenance fees.
The CAM module is designed to be easy to setup and is 100% customizable. You can designate any charge type as a CAM and create your own CAM expenses. Rent Manager does the calculations for you based on your specifications. They can be created for an entire property, a single rental unit, or on a customer-by-customer basis. Charges can also be based on a customer's percentage of the overall square footage of the property, a customer's percentage of the overall rented square footage, a flat fee, or any charge based on a user-defined field. Charges can also be based on previous charge amounts.
Features at a glance:
• Track retail sales
• Set cap term and amount
• Set base year start date & term
• CAM expense breakdown report
• Complete utilities management
• Unlimited number of CAM charges
• User-defined CAM types
• Recurring or one time CAM charges
• Apply one or more CAMS to everybody in a property
• Apply one or more CAMS to everybody in a rental unit
• Apply one or more CAMS to everybody in a unit type
• Apply one or more CAMS that are specific to the customer
Calculate CAM based on:
• Customer's percentage of the total square footage of the property
• Customer's percentage of the total rented square footage
• Divide evenly among current customers
• Divide evenly by the number of units in the property
• Use a percentage from a customer's user-defined field
Divide CAM by:
• Use last year's CAM expense
• Use a CAM expense from any period (last month, two months ago, etc.)
• Use a specific amount
• Use an amount from a property user-defined field
• Use an amount from a customer user-defined field
Reconciliation Features:
• Reconcile all, individual, or groups of properties at one time
• Reconcile all of your CAM charges at one time or do them individually
• Pick and choose which CAM charges are to be reconciled against which CAM expenses
• Use a specific date range to select CAM charges and expenses from
• Limit the customers by move in/move out date
• Apply reconciliation charges back to the customer
• Apply reconciliation credits back to the customer
• Remove selected customers from the reconciliation
• Track retail sales
• Set cap term and amount
• Set base year start date & term
• CAM expense breakdown report
• Complete utilities management
• Unlimited number of CAM charges
• User-defined CAM types
• Recurring or one time CAM charges
• Apply one or more CAMS to everybody in a property
• Apply one or more CAMS to everybody in a rental unit
• Apply one or more CAMS to everybody in a unit type
• Apply one or more CAMS that are specific to the customer
Calculate CAM based on:
• Customer's percentage of the total square footage of the property
• Customer's percentage of the total rented square footage
• Divide evenly among current customers
• Divide evenly by the number of units in the property
• Use a percentage from a customer's user-defined field
Divide CAM by:
• Use last year's CAM expense
• Use a CAM expense from any period (last month, two months ago, etc.)
• Use a specific amount
• Use an amount from a property user-defined field
• Use an amount from a customer user-defined field
Reconciliation Features:
• Reconcile all, individual, or groups of properties at one time
• Reconcile all of your CAM charges at one time or do them individually
• Pick and choose which CAM charges are to be reconciled against which CAM expenses
• Use a specific date range to select CAM charges and expenses from
• Limit the customers by move in/move out date
• Apply reconciliation charges back to the customer
• Apply reconciliation credits back to the customer
• Remove selected customers from the reconciliation
