TieOut checks every owner statement before it goes out — management fees against the agreement, security deposits and prepaid rent against the rent roll, and your own house rules. Hundreds of properties in a few minutes, on your own computer.
Sample results. Every property, name and number shown is made up.
It reads the reports you already produce. Nothing changes in your property management software.
An Excel list of your properties, fee percent and minimum fee. A property directory export works as it is.
The one you already print at month-end, with every property in it.
Only the properties that need a look, with the dollars and a possible cause. Print it for your month-end file.
TieOut looks in the general ledger that comes with the statement and suggests the likely reason, so a flag arrives with an answer attached.
Possible cause: a $2,050.00 receipt from a tenant was reversed and replaced by $1,708.40. 5% of the $341.60 difference is $17.08, which matches. The fee taken on the reversed receipt may not have been credited back.
No. TieOut runs on your own computer, like Excel. Nothing is uploaded and nobody else sees your statements.
No. It only reads the PDF you print. It never writes anything back.
A few minutes for hundreds of properties. You spend your time on the short list at the end, not on the statements that are fine.
TieOut is in a pilot programme, and pilot pricing depends on the size of your portfolio. Get in touch and we will talk it through. The first check on your own statements is free.
People who close month-end on owner statements for a living. Every check in TieOut exists because it caught something real.
Send us a note and we will run a free check, or walk you through it in 10 minutes. There is nothing to install to see it.