Insights
Overview
As your rental empire progresses, PaTMa will build up a picture of your finances. And we mean this literally as Property Manager's financial reporting includes graphs, charts, and other visual tools, all showing an easy to read view of your income and expenses.
You'll get the most value out of these tools if your PaTMa account is complete. PaTMa will prompt you for certain missing information if you try to view a relevant report, but the rest of this page assumes that you are already using PaTMa to track rent, expenses, tenancies, and so on.
Viewing Reports
There is a dedicated tab for Reports in the left hand menu. Clicking that will take you to your Portfolio Overview.
From there there are six tabs full of information, plus the option to create a property schedule.
Portfolio Overview
The Portfolio Overview is a top level view of your overall financial situation.
You can see your combined income and combined outgoings, along with graphs to help you see how these have changed over time.
Charts are also provided showng occupancy rates for your units, and the value of your portfolio compared to any current mortgages.
Profit and Loss
The Profit and Loss tab shows you expenses and rent for each property, along with the total profit or loss you make each month. Hopefully it's all profit - if a property is unexpectedly losing money, it may be time for a rent review!
CGT
The CGT tab shows the expected Capital Gains Tax per property.
Mortgages
In the Mortgages tab you can review your current mortgage rates, and calculate potential new mortgages.
The estimated mortgage will also be calculated against the current income from each property to show you whether you would still make a profit.
The calculator only needs four fields:
- Max LTV - the maximum Loan to Value percentage.
- Mortgage rate - the interest rate on the mortgage.
- Required rent cover - Rent cover as a percentage of the mortgage.
- Stress rate - the interest rate used to calculatoe rent cover.
Please note that all numbers provided are estimates. PaTMa is not a mortgage broker and the numbers returned do not constitute financial advice.
Compliance
The Compliance tab will label any missing safety certification in red, helping you keep your documentation complete.
Market Rent
For properties where data is available, the rent your tenants are paying will be compared to verifiable market rates.
If your rent is below the market average you may want to consider a rent review, although below average rent can be beneficial if it means your tenants stay longer.
Eligible properties for this tool are single-lets with full information and a complete street address which we were able to match in our lookup service.