How does Kera collect rent, and where does the money go?
ForLandlordsProperty managers
Who can do this
Landlord; Organization admin. Organization members act within their role permissions.
Where to find it
Side nav → Wallet; lease page → Actions; Side nav → Accounting
Steps
- Online collection. The manager connects a Wallet (a Stripe account that Kera opens for them). When online payments are on for a lease, Kera bills the tenant through Stripe each rent period. The tenant pays in Kera by card or by pre-authorized bank debit. The money lands in the manager's Wallet balance.
- From the Wallet to the bank. The manager uses Payout on the Wallet page to send the available balance to their own bank account or debit card.
- Offline collection. Rent paid by cash, cheque, e-transfer or wire is recorded with Record rent payment. Kera marks the month paid and posts it to the books. No money moves through Kera.
- Owners (organizations only). Rent collected for a property under an owner contract is owed to that owner, less the management fee. The organization pays owners from Accounting → Distributions, either by recording a payout made outside Kera or by a Kera transfer from its Wallet to the owner's own Kera payout account.
Good to know
Landlords have no owners, so step 4 doesn't apply to them.
Limits
Kera doesn't move money between bank accounts outside Stripe. A payout recorded as Manual is a record of money the manager sent another way.
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