Multinational Landlord? How to deal with currencies in your TenantCloud AccountFebruary 26, 2019
Rental accounting has been made easier with TenantCloud for those managing properties in different states or cities than that in which they live, but now you can do it across the world. When you create a new property and edit the info, you simply chose what currency you want to the accounting to be set up in. For example, you live in USA, but you still rent out a house in the UK. You can set your TC account in Dollar and still allow your tenants to pay in Pounds. It’s much easier to accept all payments in the local currency, rather than converting it to US dollar and loose money. Additionally, you don’t need to be exclusive to any two currencies, so every property you set up can handle a separate currency.
The accounting will still be maintained in the currency setting of the main account. Using both PayPal and Stripe each landlord can set up their preference and TenantCloud will integrate the full conversation, so tenants see the rent invoice in their local currency and are able to pay with Paypal and Stripe at the going currency exchange, which allows landlords to receive funds in their local currency.
With messaging, online applications, e-signature, digital lease agreements, maintenance request and now currency conversions landlords can manage their properties from anywhere in the world with ease. Stay connected and on top of everything that is happening with your rental no matter where you are.
Please note, the property currency can be set only once. You can’t change it back. But, if you want to change the currency of your whole profile, you can perform this action in your settings. Here’s a link to our help center with the step-by-step instruction: