Property settings are settings that can be applied to an individual property that enhance your experience using Happy Asset: CapEx & Renos. These settings will automate certain actions and increase efficiency using our system.
How to access property settings?
Step 1: After selecting a property, navigate to the bottom of the left-side menu and select Property Settings
Overview
The Overview section allows you to define key information about your property
General
- Name
- Legal Name
- Primary Type (e.g., conventional)
- Property Class (e.g., A)
- Year Built
- Year Remodeled
Unit Information
- Number of Residential Units
- Number of Commerical Units
- Leasing Status (e.g., stabilized)
Ownership & Management
- Ownership Group
- Management Company
Investment Information
- Investment Strategy (e.g., value add)
- Target Disposition Date
- Disposition Date
Property Defaults
What settings can be applied to a property?
Currently, our property settings include the ability to:
- Assign an Asset Manager for the property
- Set a Default Assignee for projects at a property
- This will ensure every new project that is created is automatically assigned to this user
- Set a Chart of Accounts for the property
- This will link the property to your selected Chart of Accounts and allow the assignment of GL Accounts to capital projects, unit renovations, and fixed assets.
Assigning an Asset Manager for the property
Step 1: From the property settings page select the ‘Assign Role’ button and a side window will open
Step 2: Select ‘Assign Role’ and choose a user from the drop-down to assign them to the property and finalize by clicking ‘Save’ at the bottom of the window.
Assigning a 'Default Assignee' for each project created for the property
Step 1: From the property settings page select the ‘Assign Default Assignee’ button and a side window will open
Step 2: Select ‘Assign Role’ and choose a user from the drop-down to assign them to the property and finalize by clicking ‘Save’ at the bottom of the window.
Set a Chart of Accounts for the property
Step 1: From the property settings page select the 'vertical three dot icon'
Note: you must have created a Chart of Accounts for your business before it can be linked to a property.
Step 2: Select a Chart of Accounts from the drop-down and hit 'Save' to link the Chart of Accounts to the property. When a capital project or unit renovation is created, the GL codes that are assignable will come from this Chart of Accounts.