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Budgeting Overview

Learn how to use the new budgeting and forecasting feature.

Samuel avatar
Written by Samuel
Updated over a year ago

Overview

DoorLoop's new budgeting feature is essential for property management companies, offering key functions, such as:

  • Financial Planning - creating comprehensive plans for properties or portfolios, ensuring that income always covers expenses, and mitigating potential losses.

  • Expense management & tracking - track and manage expenses, enabling property managers to allocate funds efficiently, controlling costs and minimizing overspending.

  • Revenue Projection - estimate future rental income and other sources of revenue vs expenses.

  • Cash Flow Management - ensure that there is enough liquidity to cover ongoing expenses and capital improvements. This is especially important for HOAs, which collect association dues to manage expenses.

  • Investment Attractiveness - provide financial forecasts and budgets to assess the attractiveness of a potential investment.

  • Reporting & Transparency - facilitate transparent reporting, helping build trust and ensuring that all parties are well-informed about properties' financial health.

Note: The Budgeting feature is not available for Starter Plans. Please consider upgrading to the Pro or Premium plans to use this feature.


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