All Properties in your Real Estate Financial Planner™ need you to specify which
Account you want the down payment and closing costs to be withdrawn from and which
Account to use for income and recurring expenses such as rent or mortgage payments. If you do not specify an
Account the
Property will be setup to use the
Default Cash Account* for both of these.
Change the
Account
To change the Account a
Property is linked to go to the
Properties page and click on the title of the
Property you’d like to edit. Or you can click the
button as shown below.
Once the Property is open scroll down until you see the
Accounts section.
Then, use the arrows on the right hand side to open the drop down menu and select which Accounts to use for
Account for Down Payment and other purchase expenses and
Account for Income and Expenses like Rent/Mortgage Payments.
Finally, hit the Save button at the bottom of the page. You will need to re-run the Scenario for the change to be reflected.