I have both long term rentals and a short term rental. Could you go into more detail on how to handle the short term rentals? I'm setting up the suggested chart of accounts on page 100, and it won't work for me to have a security deposit account, etc for each short term renter (I'd have at least 50 a year). So, I want to do something different than that. I don't like the opaqueness of having a generic renter... unless that's the best route to go... and would prefer more details on the idea of using new customer/jobs for each short term renter.
I normally collect a holding deposit when they book the rental... half 90 days out, half 45 days out.. and the holding deposit turns into a security deposit once they arrive.. and they get it back after they leave..
Also.. another question.. When they pay, they pay via credit card. I have to pay a transaction fee each time. When the money comes in from a renter.. let's say it is $1,000.. I get told that the credit card fee is $25, and I actually see $975 put into the bank. How do I handle this? The stuff on page-ish 140 seems like where it would be, but I'm not sure how to actually handle it.
Thanks!