- Thank you received: 0
- Home
- Discuss!
- Multifamily Insiders Discussions
- The Front Lines
- What are some of the tactics management companies engage to audit Bluemoon or lease apps against rent roll?
What are some of the tactics management companies engage to audit Bluemoon or lease apps against rent roll?
2 years 10 months ago #56648
by Richard Bates
What are some of the tactics management companies engage to audit Bluemoon or lease apps against rent roll? was created by Richard Bates
Lease Audits: I'm learning here so forgive my ignorance. What are some of the tactics management companies engage to audit Bluemoon or lease apps against rent roll? Confirm things like pet rent/ concessions/deposits/commissions ect. This is a new space for me so I'm trying to learn from the experienced what some of the approaches are. It seems like a big task.
2 years 10 months ago #56648
by Richard Bates
Reply to Richard Bates
Renee Benson Sellers
2 years 10 months ago #56649
by Renee Benson Sellers
Replied by Renee Benson Sellers on topic What are some of the tactics management companies engage to audit Bluemoon or lease apps against rent roll?
Names match , lease amounts dates, rent, concession, pets, basically anything that has a blank to be filled in and of course if it has been signed.
Someone has to enter somewhere so you check for human errors
Someone has to enter somewhere so you check for human errors
Brenda Andrews Sherrill
2 years 10 months ago #56650
by Brenda Andrews Sherrill
Replied by Brenda Andrews Sherrill on topic What are some of the tactics management companies engage to audit Bluemoon or lease apps against rent roll?
Lease dates match.
Susan Davis Vloedman
2 years 10 months ago #56651
by Susan Davis Vloedman
Replied by Susan Davis Vloedman on topic What are some of the tactics management companies engage to audit Bluemoon or lease apps against rent roll?
Leave nothing blank
2 years 10 months ago #56652
by Richard Bates
Replied by Richard Bates on topic What are some of the tactics management companies engage to audit Bluemoon or lease apps against rent roll?
Is this a manual process of spot checking and verifying? Is it done on every lease?
2 years 10 months ago #56652
by Richard Bates
Reply to Richard Bates
Jack Allen
2 years 10 months ago #56653
by Jack Allen
Replied by Jack Allen on topic What are some of the tactics management companies engage to audit Bluemoon or lease apps against rent roll?
I’ve found lease audit is exceptionally tedious (same as any audit). But necessary. It’s usually not the software causing probs, it’s the person entering info. Therefore, it requires a person print the lease info and go line by line to confirm everything important (dates, amounts, number of people in unit, and we always add pets while we’re at it).
Ana Flavia Pizzolio
2 years 10 months ago #56654
by Ana Flavia Pizzolio
Replied by Ana Flavia Pizzolio on topic What are some of the tactics management companies engage to audit Bluemoon or lease apps against rent roll?
My company audit leases monthly as in we do lease verification for all move ins and all renewals for that month, before paying commissions. We check name, occupants, lease terms, rent amount, any concessions given, pets and all the spots we have to manually enter data, to see if it matches company policy and the info we have on the system.
Christine Joy
2 years 10 months ago #56655
by Christine Joy
Replied by Christine Joy on topic What are some of the tactics management companies engage to audit Bluemoon or lease apps against rent roll?
Before leasing commissions are paid. Leasing agent must submit:
Cover page of lease
Ledger showing 0 balance
Cert of renters insurance
PM should be verifying all information is in software before approval. Corporate does spot checks.
Cover page of lease
Ledger showing 0 balance
Cert of renters insurance
PM should be verifying all information is in software before approval. Corporate does spot checks.
Amy Gutierrez
2 years 10 months ago #56656
by Amy Gutierrez
Replied by Amy Gutierrez on topic What are some of the tactics management companies engage to audit Bluemoon or lease apps against rent roll?
The first time is the hardest bc you literally have to pull every file to verify the computer is accurate. After that, move ins and renewals don't get filed until they have been audited by the manager.
Rachel Duran
2 years 10 months ago #56657
by Rachel Duran
Replied by Rachel Duran on topic What are some of the tactics management companies engage to audit Bluemoon or lease apps against rent roll?
Valence Docs will do monthly audits between your rent roll and your Bluemoon forms
Ariel Paulk
2 years 10 months ago #56658
by Ariel Paulk
Replied by Ariel Paulk on topic What are some of the tactics management companies engage to audit Bluemoon or lease apps against rent roll?
We started doing Audits via Valence Docs. It’s uses your most current lease in Bluemoon versus the rent roll. You can do it one-time/monthly/quarterly.
RJ Keweza
2 years 10 months ago #56659
by RJ Keweza
Replied by RJ Keweza on topic What are some of the tactics management companies engage to audit Bluemoon or lease apps against rent roll?
They make sure the lease matches what is being charged, make sure you’re consistent in qualifying documentation if they look. Following company guidelines. Don’t stress yourself out. Be positive and take criticism if given.
Vicki Hurley
2 years 10 months ago #56660
by Vicki Hurley
Replied by Vicki Hurley on topic What are some of the tactics management companies engage to audit Bluemoon or lease apps against rent roll?
What is the reason for the audit? Company requirement?
2 years 10 months ago #56661
by Richard Bates
Replied by Richard Bates on topic What are some of the tactics management companies engage to audit Bluemoon or lease apps against rent roll?
From what I have learned there are several factors that can have a significant impact on ROI and revenue. How much does garage / pet rent/ accelerated damages and concessions add up to if not input correctly. What does the wrong expiration date in rent roll vs applicant understanding mean? These are the things I'm trying to learn.
2 years 10 months ago #56661
by Richard Bates
Reply to Richard Bates
Betsy Callahan
2 years 10 months ago #56662
by Betsy Callahan
Replied by Betsy Callahan on topic What are some of the tactics management companies engage to audit Bluemoon or lease apps against rent roll?
I have a file audit sheet I complete for each move in and renewal for the month at month end.
When doing a full property file audit, you just have to go slowly and double check everything- paper file matches rent roll, matches resident card repeat.
When doing a full property file audit, you just have to go slowly and double check everything- paper file matches rent roll, matches resident card repeat.
Melissa Cannata Miller
2 years 10 months ago #56663
by Melissa Cannata Miller
Replied by Melissa Cannata Miller on topic What are some of the tactics management companies engage to audit Bluemoon or lease apps against rent roll?
Valence Docs - used them to do audits on all my sites when started with new company. Extremely detailed
2 years 9 months ago #56706
by Brandi Carden
Replied by Brandi Carden on topic What are some of the tactics management companies engage to audit Bluemoon or lease apps against rent roll?
Every year I send out a questionnaire for updated phone numbers, any new occupants (some had babies), vehicle information, employment information and any other demographic information. I also ask for updated ER contacts. This is all uploaded into Yardi and we always have ways to contact people. It is vital.
2 years 9 months ago #56706
by Brandi Carden