Plenty of property managers running Nizam don't just manage owner-occupied units — they manage units on behalf of an owner who isn't the one living there, collecting rent from a tenant and periodically settling up. Until now, that arrangement had nowhere good to live in the app. It got tracked in a side spreadsheet, or crammed into a maintenance bill with a note explaining it wasn't really maintenance, and the money itself had no home — was it collected? Held for the owner? Already counted as income somewhere it shouldn't be?
Rentals answers all of that directly, and it does it by reusing what's already reliable rather than inventing something new next to it. A rent bill is not a special kind of record with its own rules — it's an ordinary bill, generated, collected, and receipted through the exact same engine that already handles maintenance. What's actually new is where the money goes once it's collected, and that's where the real design work went.
Rent Bills, Not a Side System
Set up a lease — select the unit, and Nizam pulls in the current owner and tenant automatically from your residents directory, read-only, so there's no re-typing a name that's already on file and no risk of it silently drifting out of sync with who actually lives there. Set a monthly rent, a due day, and an optional late-payment penalty (fixed or percentage, repeating every cycle it stays overdue if you want it to) — the exact same penalty widget you already use for maintenance due dates and additional collections, not a new one to learn.
From there, rent bills generate on schedule and show up everywhere a bill already shows up: the tenant's own "My Bills" in their resident portal, your outstanding dues dashboard, your collection flow with cash, bank transfer, or wallet as payment methods, and a proper digital receipt when it's paid. None of that is new logic — it's the billing engine you already trust, just aimed at a different kind of charge.
An Owner-Payable Wallet That Never Mixes With Tenant Credit
Here's the part that actually needed a new idea. Nizam already has a wallet — residents can pre-pay into it and have future bills auto-deduct against the balance. It would have been tempting to reuse that same wallet for owner payouts. It's the wrong wallet. A resident's advance deposit and an owner's accumulated rent are different money, owed to different people, and conflating them would have made both harder to trust.
So rent collected on behalf of an owner accrues to a dedicated owner-payable wallet, scoped to that specific unit, entirely separate from anything a tenant has pre-paid. It doesn't touch your income statement, either — by default, it's booked as a liability owed out, not revenue you earned, so your income reports stay accurate without anyone needing to remember to exclude it manually.
Rent collected isn't automatically your income just because it passed through your books. By default, it's someone else's money you're holding — and now the software actually treats it that way.
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Start Free — 2 Months on UsRent Changes Without Rewriting History
Rent goes up. It sometimes goes down. Either way, the old rent doesn't stop having existed — every bill already generated at the old rate needs to stay exactly as it was, or your records quietly stop matching what a tenant actually paid last year. Rentals treats every rent change as a new, dated revision rather than an edit to the old one. Nothing already billed is ever rewritten; only bills generated after the change pick up the new number. Open the lease at any point and you can see the full sequence of what the rent was, and when it changed, without needing to reconstruct it from old receipts.
One Settlement, Full History
When it's time to pay an owner, it's a single settlement action against that unit's owner-payable wallet — the full balance or a partial amount, in cash or bank transfer, with an optional screenshot attached as proof for your own records. Every settlement is logged, so the question "when did we last pay this owner, and how much" has a real answer instead of a guess based on a bank statement search.
Deposits, and the One Checkbox That Changes Everything
A lease can also record a security deposit — amount, the date it was collected, and how — sitting alongside the rent terms rather than in a separate note. Like rent, it's excluded from your income reports by default, because a deposit isn't revenue either.
The one case Rentals handles differently is when the management company isn't collecting on behalf of someone else — it owns or sublets the unit itself. One checkbox on the lease, "mark this rent as management income," flips that specific lease's treatment: rent and any deposit are booked entirely as your own income instead of an owner payable, and the owner-payable wallet is never touched for that unit. Everything else about the lease works exactly the same — same billing engine, same penalty rules, same rent revisions — just with the money landing in a different place because, for that one unit, it actually is yours.
Rentals is available now for every complex on Nizam, alongside everything already in the billing engine — Advance Wallet, discount management, outstanding dues, and the full GAAP-aligned report suite. If you're already tracking rented-out units in a spreadsheet next to Nizam instead of inside it, this is the reason to stop.