Running a hostel or PG means many small payments: monthly rent, advances and deposits. Most disputes happen at checkout, when nobody remembers what was paid and when.
What to record for each resident
- Name, phone number, and room or bed number.
- The monthly rent and the date it is due.
- Each payment with its date and method.
- The security deposit you hold, and the date you return it.
Keep the deposit separate
A deposit is not income. Record it on the resident’s page as money held, and mark it returned when they leave. Then the record is clear for both sides.
See dues at a glance
A list of residents with a balance due, and a list of rent ending this week, replaces the monthly round with a notebook.
Let residents check their own account
A simple page where a resident logs in with their phone number and a PIN, and sees their rent paid and balance, avoids many phone calls.
PRO RENEW has a deposit option for hostels, PGs, apartments, libraries, clubs and similar businesses, and a room or flat field you can name your own way.
Want to try it? See PRO RENEW or start free. It is a PRO PRODUCT software, and you can reach us on 99620 12129 or 99444 12129.