6 Way to use Your Heating System Efficiently in Colder Weather

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As it continues to get colder in the DMV, the Nomadic team has a few recommendations to help you use the heating systems in your home efficiently. This, usually, is as simple as flipping a couple of switches. However small these actions this may seem, their long term reward helps prevent big problems down the road. Read on for our tips in heating your home during these colder temps in Washington DC.

1) Flip Your Damper

If you are living in a multi-story home, then you’ve probably experienced the sensation of entering on a cool first level, only to have a Miami-like heat wave hit you on the third floor. This is because heat rises. This can be problematic in the winter, when you want your home to have an overall Miami-like toastiness to it.

One way to evenly disperse heat throughout your home is to adjust the damper on your air ducts. This will block hot air from being pushed into the higher levels of your home, focusing the heat on the lower floors. Remember, heat rises, your third floor will be well heated eventually!

2) Run Your Heat on a Base Temperature

It’s really important to remember to not over work your HVAC unit, especially in the older homes of DC. This typically happens when  a thermostat is completely shut off in a vacant home. This allows the air temperature to drop,  making the HVAC system work twice as hard to heat a room once it is on again.

One way to prevent potential over stress and damage to your HVAC is to keep it running at a base temperature. We recommend having it at least somewhere in the mid to high 60’s range while you’re not at home.

3) Change your HVAC Filter

We mention this often in our content because it’s super important. Change your HVAC filter once every other month. This will help your HVAC system run smoother. It will also help keep the air in your home cleaner!

4) Use a Space Heater, But Never Leave it Unattended

Space heaters can efficiently heat a room, but are serious fire hazards if used incorrectly.  For your safety of your home, yourself and others, do not leave your space heater on while you are not home. Plug it directly into the wall, do not use an extension cord. Keep it centered in the middle of a room, away from anything that can burn ie: clothing and furniture. Never allow anything to cover a space heater. If possible, use space heaters with automatic shut-off functions in case it gets tipped over. Finally, just in case, be sure that the batteries in your smoke detector are properly functioning.

5) Close Your Curtains

If you have single pane or leaky windows, hot air is going to escape from the room quite quickly. Try to find a way to caulk the gaps, and keep your curtains closed to help trap the hot air inside the room.

6) Flip Your Ceiling Fan

Running your ceiling fan in the opposite direction than in the summer months will help to recirculate the hot air that has risen, throughout the room. In the long run, this will help to reduce the cost of heating!

Along with these tips to efficiently use the heating system in your home for maximum warmth, it’s important to remember to regulate your own body heat. Add in plenty of layers of warm material like wool and flannel. Cover your head, feet and hands to retain body heat and use plenty of blankets at night. Tis the season for hot beverages, so be sure to drink plenty of warmth in a cup.

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Visit our Tenant Resource Center to submit a work order. Visit our Client Resource Center to log into your account. Check out our awesome DMV located rentals. Get in touch for our property management services.

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Enhanced Reporting

Your portal includes a selection of extremely useful reports. Reports are available in the “Reports” section, and are distinct from the financial statements. Unlike financial statements which are static records, Reports are dynamic real-time records that will update with current data every time you view them. 

Scroll down to learn more about Reports:

Navigate to the "Reports" module in your portal:

Owner Portal Reports
  • Keep in mind, these reports are dynamic records. They will refresh to display current information every time you view them. 

Enhanced Rent Roll Report:

Enhanced Rent Roll Report
  • The Enhanced Rent Roll Report will show the rent amount, last payment date, move-in date, lease expiration date, and security deposit amount for each of your tenants. 
  • It will also show a portfolio summary with occupancy percentage, vacancy loss, and more!

Unit Comparison Report:

Unit Comparison Report
  • If you own multiple units (or buildings) with Nomadic, you’ll get access to the Unit Comparison Report. 
  • This report enables you to quickly compare financial performance between your units at a glance without toggling between individual reports. 

Income Statement Month-Over-Month:

Income Statement by Month Report
  • The Income Statement Detail – Monthly Report serves as a month-over-month record of portfolio performance. You’ll see itemized income and expense categories and can track monthly. This report will update with fresh data every time you view it. 

Financial Statements

Financial statements will be published to your portal on a monthly basis. The statements are found in your Documents library, and provide a historical record of all financial performance. The statements serve as a snapshot of financial performance over a given period, and are static documents (unlike Reports, the statements do not update/change in real-time). 

Scroll down for more info about the Financial Statements in your Documents library:

The Documents area contains monthly financial statements:

Owner Portal Documents
  • The statements in the Documents are are static documents. They are posted to the portal once a month to serve as a historical record of financial performance. 

Download a statement to see month and YTD financials:

Owner Portal Property Statement

You'll also find a month-over-month operating statement:

Month over Month Statement

Portal Communication Tool

You can use your owner portal to communicate with our team. Any messages you send through the portal will go straight to your Account Manager. When we reply, you’ll get an email notification and you’ll also see the message in your portal next time you log in. 

Here’s an overview of using the communication platform:

Click "Communications" and navigate to "Conversations":

Commincation Dashboard Screenshot
  • The communications module will contain a record of all messages that you create through the portal. 

Click the "New Message" button and send your message:

Owner Portal New Message Screenshot

Responses will show up in the conversation ticket:

Portal Conversation Response Screenshot
  • You’ll get an email notification whenever you get a response, and you’ll also see the message in your portal next time you log in. 

You can reply in-line using the comment box:

Owner Portal Comment

Each conversation will be logged in its entirety:

Portal Conversation Snapshot

Understanding the Ledger

Your portal includes a ledger with all transactions. The ledger is populated with data in real-time as transactions flow through our accounting software. Much of this information is also available in the Reports area, as well as the Statements in your Documents library, but the ledger is the most comprehensive resource for diving into the details. 

Please scroll through the sections below to get a better understanding of how to interpret the ledger. 

By default, transactions are sorted chronologically:

Owner Ledger Dates
  • The date reflected in the lefthand column is the actual transaction date, not the “bill date”. This is the date the transaction was actually processed. 

If you have multiple properties with Nomadic, you'll see the address for each transaction in the "Location" column:

Ledger Property Column
  • You can filter the ledger to look at just one property, all properties, or specific sets of properties. 
  • If you only have one property with us, you’ll just see the ledger for that property. 

The Description column displays the transaction type:

Owner Ledger Description Column
  • BILL: this is an expense transaction, such as for repair costs or management fees.
  • CHARGE: this is a transaction  billed to the tenant, most typically a rent payment. 
  • NACHA EXPORT: this is a credit we processed to your distribution account. This type of transaction is how you get paid! 

The Amount column shows the dollar value of each transaction:

Owner Ledger Amount Column
  • Positive Amounts: if an amount is positive, it reflects a transaction that is payable to you. Typically, this will be a rent payment that we collected from your tenants. On occasion, a positive number could also signify a journal entry or credit adjustment. 
  • Negative Amounts:  if an amount is negative, this is a transaction that is either payable to Nomadic or is an amount that has already been paid to you. Typically this will be for repair costs or management/leasing fees. Owner draws (net distributions into your checking/savings account) also reflect as negative amounts, since they have already been paid to you. 

The Account Balance column shows a sum of positive/negative transactions at a given point in time:

Owner Ledger Account Balance Column
  • Account Balance should always equal zero after a net distribution has been processed. When the balance is zero, this means that all expenses have been paid and you’ve received the remainder as net operating income, leaving a balance of zero (meaning: no one is due any money, as all funds have been distributed appropriately). 

Navigating the Propertyware Owner Portal

Your portal includes some extremely useful features that help you understand your property’s financial performance at a new level, with real-time transparency into every transaction.

Scroll through the snapshots below for an overview of portal navigation! If you need more help or have specific questions about using the portal, you can reach out to your Account Manager any time for a screen share. 

You can filter all info by date range or property:

PW Portal Filters

View a snapshot of income and expenses on your dashboard:

PW Owner Dashboard View

See every transaction in real-time on your ledger:

Owner Portal Ledger View

Statements and forms will be posted to your documents library:

Owner Portal Document Library

View a suite of real-time financial reports:

Portal Reports View

See a running list of all bills, and drill down for more detail:

Owner Portal Bills View

Under Bill Details, you'll find dates/descriptions/amounts and more:

Portal Bill Details

You can also communicate with your Account Manager through the portal:

Owner Portal Communication Tools

How do net distributions work?

Net distributions keep your accounting clean and simple. Each month we’ll collect rent from the tenants, deduct any repair expenses for the previous month and any management/leasing fees for the current month, and credit the remaining net operating income to your account. 

Net Distribution

You’ll receive a statement via email each time a net distribution is processed, and can view all transaction details in your Propertyware owner portal.