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Home > Yardi Training > Lease Renewals > Renewals: Move Resident to MTM Status
Renewals: Move Resident to MTM Status
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Month to Month (completed in CRM)
From the Rent Café CRM Dashboard > Resident Activity > Expiring Leases click MTM button.

 

Month to month filter will appear. Verify all data is accurate before hitting save.

 

Month-to-Month Date- Date on which the new lease begins. By default, this is one day after the current lease expires if the current lease is still active.
NOTE: You can still post Month-to-Month for a resident when the Month-to- Month Date is before the current date and within one week of the leasing week Start Date.
Month-to-Month Premium- We no longer enter a Month-to-Month premium rate. Instead, delete the Month-to-Month premium amount listed, and enter the MTM rate under new rent.
Charge Code- Charge code should be set to Base Rent.

Old Rent-(This field is not editable) Amount that the resident currently pays for monthly rent.
New Rent-Amount that the resident will pay for monthly rent on month-to-month. By default, this is the market rent amount for the resident’s unit.
NOTE: If you complete the Increase Amount field, Voyager automatically calculates the appropriate amount and completes this field.
Increase Amount- Amount by which you want to change the amount that the resident pays for monthly rent. This change can be either a flat amount or a percentage, depending on the option selected in the Type field. You can type a positive or negative amount.
NOTE: If you complete the New Rent field, Voyager automatically calculates the appropriate amount and completes this field.
Type-Method by which you want to change the amount that the resident pays for monthly rent:
         $ Increase Changes the amount by a flat amount.
        % Increase Changes the amount by a percentage.

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