Rental and Payment Settlement

Automated Rental Calculations

The Brokik system automates the rental settlement process, enabling monthly generation of summaries and invoices. Our platform eliminates manual calculations and paperwork, saving property owners valuable time and reducing the risk of errors. You can easily set up automatic billing cycles tailored to your specific rental agreements, ensuring consistent and timely payments.

Utility-Based Billing

Set up billing based on actual utility consumption with our advanced meter reading system. Tenants can submit readings directly through the platform, or you can enter them yourself. Brokik automatically calculates charges based on current rates for electricity, water, gas, and other utilities, ensuring accurate billing every time. The system maintains a complete history of readings for transparency and reference.

Payment Reminders and History

Never worry about missed payments again. Brokik sends automatic reminders to tenants when payments are due or when meter readings need to be submitted. The system keeps a comprehensive payment history, making it easy to track who has paid, when payments were received, and if there are any outstanding balances. This detailed record-keeping is invaluable for both accounting purposes and resolving any potential disputes.

Financial Transparency

Both landlords and tenants benefit from complete financial transparency. Tenants can view their billing history, current charges, and payment deadlines through their own dashboard. Property owners can access detailed financial reports for each property, including income tracking, expense categorization, and profitability analysis. This clarity builds trust between parties and simplifies financial management.

Customizable Payment Options

Brokik adapts to your preferred payment methods and financial workflows. Set up fixed monthly rents, variable payments based on utility usage, or a combination of both. Customize billing cycles, payment due dates, and late payment policies to match your specific needs. The flexible system can handle multiple properties with different payment structures, making it ideal for diverse rental portfolios.

Efficient Management of Overdue Payments

Brokik offers effective tools for monitoring rent payments and managing arrears. The system automatically flags overdue balances and generates courteous reminders for tenants. Tracking arrears is simple with clear dashboards that show the status of each payment. The app also allows you to document all communications related to arrears, which is invaluable if further action becomes necessary. This comprehensive payment control minimizes tensions and helps maintain a healthy cash flow.

Tax Optimization for Rental Property Owners

Rental management systems are essential for tax optimization, and Brokik helps rental property owners in this aspect. The application generates detailed annual reports summarizing all income and expenses related to properties, which can be provided directly to your accountant. Automatic expense categorization helps identify all possible tax deductions, including utility costs, maintenance, insurance, and depreciation. Secure online storage of lease agreements and digital records of all transactions facilitates tax documentation and saves time in managing your rental business.