Track deposits, progress payments, contractor balances, and the project's paid-to-date total while the rehab scope is still changing.
Record who received every payment
Amount and date are not enough when multiple trades are involved. Add the contractor or vendor name and a short note such as deposit, rough-in milestone, or final payment.
Compare payments with commitments and changes
A contractor's original commitment may change. Review payments against the latest approved scope rather than the first quote alone.
Keep property cash needs visible
The contractor view explains where cash went; the property view shows how much of the projected rehab cost remains.
Frequently asked questions
What should I track on a house flip rehab?
Keep the starting rehab budget, contractor commitments, approved cost changes, pending scope, payments by contractor or vendor, and contingency. Together those numbers show the current projected rehab cost and where the cash is going.
Should contractor commitments increase the rehab total?
Not automatically. A contractor commitment can be an allocation inside the starting rehab budget. Later approved scope increases are what move the projected rehab cost above that baseline.
How should I track multiple contractors?
Use a consistent contractor or vendor name on commitments, cost changes, and payments. That gives you a property-level total and a contractor-level view without separate spreadsheets.
Is RenoTally construction-management software?
No. RenoTally stays focused on the money side of the rehab: budget, contractor commitments, cost changes, payments, contingency, and projected final cost.
Track contractor payments against the current rehab cost and see the remaining cash obligation as the project changes.
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