Expert - Professional - Cost Effective

Outsourced Bookkeeping for Letting Agents

Save money and scale faster using Rentancy. Let us take care of the rent collection, client accounting and arrears chasing.

Experts in:

Why Outsource Bookkeeping?

1. Value your time – owners who use Rentancy gain up 10 hours per week back from doing less admin. Use this time to win new clients and improve work-life balance.

2. Save on costs – agents report saving up to 40% in operating costs by switching to Rentancy – this means more profit to the bottom line every year.

3. Less people headaches – less recruitment, less holiday cover planning mean a simpler business.

​4. Access top talent – Rentancy bookkeepers are experienced and well trained. We give you access to professional talent that might otherwise take you months to find and hire locally.

​5. Turn-on/turn-off – Rentancy prides itself on using clear, simple to understand contracts which can be ended at any point with 30 days notice.

"I cannot express how invaluable Hayley at Rentancy is to Radstock Property. Her attention to detail, knowledge and support are second to none and we simply could not run our business without her."

Radstock Property

"I have been able to hand over all aspects of property management to Hannah including renewals, rent reviews and all maintenance issues. The communication is excellent. Any reservations I had were completely put to rest. In fact, I often call Hannah for advice!"

Charles Louis Lettings & Property Management

" We have been using Rentancy for over a year and the offering is superb. I would have no hesitation in recommending Rentancy."

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Streamline your Lettings

Rent Collection

We take on collecting and reconciling rent income daily.

Client Accounting

We keep cash reconciled daily and run landlord statements as well as payouts for management fees, suppliers and landlords.

Bookkeeping

We can provide adhoc bookkeeping support as needed on a pay per hour basis

In-Arrears Chasing

We track late payments. Preparing email and phone chasing. We can also issue notices and demands if necessary.

Invoicing Audit

We run audits to ensure full billing of management fees across the full portfolio.

Holiday Cover

We can also provide full-time or part-time work cover for staff resourcing gaps such as holiday or paternity leave.

30 Minute Free Consultation

What's covered?
This is a free consultation to help you understand how outsourcing works and if there is a fit for your business.
Business case
We prepare a business case showing the savings potential in your business today and as your business grows.
Map of Tech & Processes
We create a map of your business covering the systems & processes you use. This helps you and us to identify how everything ticks as well as spotting opportunities and gaps in the flow of business.
Recommendation
We summarise our analysis into clear recommendations. This will be areas to improve your processing, services where you can charge additional management fees, risk areas and readiness to consider outsourcing.
30 mins Free Consultation

We support 3 methods of accounting

Client Money Accounting
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Agents hold tenant and landlord money in a client account. Pay-ins and Pay-outs are allocated daily to landlords, tenants, suppliers (including the agent) and tagged with the associated property.
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At the end of each day a cash reconciliation report is run showing the full allocation of all monies.
Profit & Loss Accounting
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Simpler than Client Money Accounting, rental income, lease income and expenses are accounted for within a traditional P&L.
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Typically a P&L is maintained matching the corporate holding structure of a landlord or corporate.
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Rents may be books to a ledger code per property or a single income account.
Service Charge Accounting
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Block and commercial agents or landlords raise a service charge annually to cover the upkeep of the property and maintenance of communal areas.
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The agent prepares a budget for all leaseholders and balances from the prior year, either under or overs are carried to the next year.
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Demands are issued at the start of the service charge period and a 6 month budget versus actual expenditure is prepared for leaseholders at midway and end of the accounting period.

What does a typical day look like?

We are part of your team
We use your email addresses and follow your agency processes, using your systems.
Morning call & regular updates
Every morning we update with tasks for the day ahead covering any blockers/issues needing discussion. This can be by call or email.
Always connected
You can always reach Rentancy to talk to your bookkeepers during working hours or if you want to talk to our overall account management and support team.
Reconcile daily
We operate a 'reconcile daily' approach wherever possible. We will process and bring a client money account up to date daily wherever possible.

Portfolios we serve

Residential
mark Fully managed
mark Let only
mark Rent collection only
mark Maintenance only
mark HMOs
Commercial
mark Office space
mark Business units
mark Retail
mark Serviced
mark Unfurnished
Estate
mark Farmland
mark Schools
mark Airfields
mark Airports
Block
mark Residential
mark Mixed Use
Build to Rent
mark Guaranteed
mark Unguaranteed

Book 30 Minute Free Consultation