SmartProperty > Properties
Follow the above-mentioned workflow to land on the Properties screen.
Click the Create a New Property button.
This opens the Add a New Property window. Here, use the Yes/No radio buttons to record your response to the "Is this a Test property?" question.
Enter the name of the property in the Property Name field.
Enter the address of the property in the Property Address field.
Enter the name of the city where the property is located using the City field.
Select the city code using the next dropdown.
Use the ZIP Code field to record the ZIP code.
From the Property Details section, enter the year in which the property was built in the Year Built field.
Select the type of property from the Property Type dropdown.
Enter the number of property units in the Number of Units field.
In case the property was part of a condo commercial, select Yes from the Was your property ever a condo commercial question.
Enter a brief description of the property in the Property Description textbox.
Once the details are entered, click the Continue button. Doing so takes you to the property details screen.
Here, select the date from which you want the fiscal year to start using the "What is the date your fiscal year begins?" dropdown.
Enter the amount collected annually in manual assessment fees using the How much do you collect annually in annual assessment fees? * field.
Select the assessment fee collection frequency using the How often do you collect assessment fees? dropdown.
Enter your annual reserve contributions in the Of those total annual assessment fees collected, what amount is allocated for funding your reserves? field.
Moving on to the Reserve Account section, enter the cash in your reserve account using the How much cash will be in your reserve account? * field.
Choose the cutoff date for the reserve balance using the As of selected date dropdown.
From the Upcoming Expenses section, choose Yes if you have any upcoming expenses for any scheduled repairs.
Choosing yes reveals the What amount have you budgeted to spend from reserves on the scheduled repair or replacement projects between now and the end of the fiscal year? field. Here, enter the amount you have budgeted for the upcoming expenses.
Next up is the Financial Assumptions section. Here, enter the Inflation Rate, Interest Rate, and Rate of Annual Reserve Contribution Increases in the respective fields.
Once the details are entered, click the Add New Property button.
