North Carolina Real Estate Commission Certifies Rent One Online's 100% Web-based Accounting and Reports; Allows North Carolina Rental Managers To More Easily Comply With Real Estate Commission Audit Process
Scotts Valley, CA (PRWEB) July 13, 2005 -- Rent One Online, developer of the fastest growing, 100% Web-based vacation rental management software solution, today announced that the North Carolina Real Estate Commission has certified the company's vacation rental management solution. From marketing to bookings to reporting and compliance, Rent One Online's solution simplifies and automates the rental management lifecycle, giving vacation rental managers a powerful tool to increase property awareness, generate more bookings, and dramatically ease the management of rental properties. Based on a thorough review and audit of the software reports, the North Carolina Real Estate Commission found Rent One Online compliant and has added the company to the list of compliant software vendors. This approval letter can be found at http://www.rentoneonline.com/press/nc_cert.aspx.
In order to comply, software must have the capability to generate a trust account journal, supplemental deposit and disbursement worksheets, ledger sheets, bank reconciliation and ledger reconciliation worksheets as required by Commission Rule A.0107 and as illustrated in the Trust Account Guidelines," according to Emmet Wood, Director of Audits and Investigations for the North Carolina Real Estate Commission. Rent One Online has been evaluated and appears to substantially comply."
Vacation rental managers have an important role as a trustee" with respect to the funds of owners of vacation properties, vendors, tax agencies and visitors. Management and accounting software is an integral component to maintain this trust relationship. In North Carolina, the Real Estate Commission has a set of published guidelines for software vendors and a formal process for evaluating property manager compliance. The state has effectively set the standard for accounting and reporting for vacation rentals to help ensure the transparency of, and visibility into, the cash flow among vacation rental managers, property owners and visitors.
As one of the only 100% Web-based rental management solutions certified by the North Carolina Real Estate Commission, we are dedicated to reducing the cost and effort of property managers to remain in compliance with state guidelines," said Bart Meltzer, founder and president of Rent One Online. As we continue to expand our operations, our customers in North Carolina and beyond can rest assured that our accounting systems and software are compliant with the highest of standards."
Shoreline Preferred Properties, a vacation rental management company based in North Carolina's Outer Banks, is one of several North Carolina companies to recently sign up with Rent One Online. According to company owner Dan Lester, Rent One Online offers the most advanced and user friendly Web-based management software available today. More importantly, they clearly understand the needs of vacation rental managers and their vision is at the forefront of the vacation rental industry. We are delighted that they are now certified by the State of North Carolina."
About Rent One Online
Rent One Online provides Web-based marketing and management tools for vacation rental managers. The Rent One Online mission is to bridge the gap that currently exists from the vacation property market to the larger travel services industry. Rent One Online solutions increases marketing effectiveness, provides professional management tools, and offering complementary and revenue-producing travel services. Visit www.RentOneOnline.com.
Media Contact:
Joel C. Messenger
Director of Marketing
415.637.4296
joel@RentOneOnline.com
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