New Management Checklist for Real Estate Cloud-Based Software - Simeoni

New Management Checklist for Real Estate Cloud-Based Software

The creation of a simple checklist can quickly and efficiently take your agency from one that makes countless small errors to one that runs seamlessly.

Jane from End of Month Angels has developed a checklist for ‘ New Managements’ for cloud based software. It may seem simple and logical, but the amount of errors created without a forward checklist is staggering.

New Management Checklist for Your Cloud Based Software

  1. Owners full names entered (as per agency agreement)
  2. Owners contact information including email address
  3. Select preferred method of communication for statements (if none is selected they will not receive any monthly statement)
  4. Confirm disbursement frequency and enter into software
  5. Enter agency fees (letting fee, statement fee, management fee)
  6. Enter bank details
  7. Enter full property address
  8. Create tenancy with full names (As per lease agreement)
  9. Confirm starting rent and period, most importantly – PAID TO DATE
  10. Update software with bond information
  11. Update software with tenant payment reference
  12. Apply funds from tenant deposit

– Jane Morgan is the Director of End of Month Angels, a consultancy firm specialising in Trust Accounting. Jane knows the legislative requirements of running a successful Real Estate office through her 21 years industry experience and can be contacted on 1800 366 435 or at

To contact the team at Simeoni your audit, tax and general accounting needs please call (02) 9370 0400 or email