Recurrent Transactions

There are three methods for setting up recurrent transactions for tenants.

One creates a new charge type, with a name of your choice, for every tenant in a building. The amount of the charge is then entered for each tenant separately.

The other two methods create a recurrent transaction for an individual tenant. With one method, the given transaction is done automatically repeatedly by Rent Magic; with the other, Rent Magic gives you a reminder and you select to apply the given transaction. In either case, the transaction may be a credit or a debit, and it may repeat a fixed number of times, until a specific date, or indefinitely.

• The building-wide method is called Custom Monthly Charges. See Custom Monthly Charges.
• The automatic method for an individual tenant is called Bonuses/Charges. See Bonuses and Charges.
• The reminder method for an individual tenant is called Memorized Transactions. See Memorized Transactions.

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