25.01.2023
7 min read
Access all your key metrics on your property portfolio in real-time
Access Hammock’s insights to track your key buy-to-let metrics, including profit and loss statements, loan to value ratio, rental yields and occupancy rates.
Our reports are designed specifically for landlords, including our advanced tax reports.
All income, expenses and relative balance are recorded in real-time for each individual property, and summarised at a portfolio level
Track how the valuations of your properties evolve over time and keep them in perspective with our real-time LTV calculations
See the gross rental yield for each property based on either its purchase price or current valuation, and expected rental income.
Keep track of all payments for any tenancy with a real-time running balance together with the history and breakdown of each transaction.
Identify any properties with prolonged void periods, or any with tenancies expiring soon.
Just register here, you’ll be up and running in minutes. And if you have any questions, we’re always just a click away on our live chat (9 am-5:30 pm, Mon-Fri) or at hello@usehammock.com.
You can access Hammock from your browser on PC, mobile or tablet anytime. Soon we’ll release our mobile apps for Apple and Android, watch this space!
Hammock provides rent collection monitoring, bookkeeping, current account and financial statistics (loan to value ratio, yields, profit and loss, and more) for landlords, letting agents and property managers. We combine property management with financial services to automate your rent collection, simplify your bookkeeping and save you time and money. We’ll also make sure that you stay on top of compliance, sending you notifications and alerts about expiring documents and certificates.
Hammock uses technology to monitor and reconcile all property-related payments in real time.
It only takes a quick setup:
1. Add your properties.
2. Record financial transactions. We offer three options to do this, you can pick the option you prefer or combine them all, as they’re all included in our monthly plans:
3. Track transactions by connecting them to relevant properties/
All set! Hammock will then automatically monitor all your payments made and received, send you notifications as they happen (or as soon as they’re late/missing) and reconcile transactions in real-time.
If you manage a property (or more), collect rent and pay taxes, Hammock is for you.
Security is of paramount importance to us, and we take the safety of your financial data very seriously.
If you would like to learn more about our security processes or have any further questions then please contact us: security@usehammock.com
Hammock is the accounting platform for UK landlords. From a single platform, landlords can manage all transactions related to their rental properties, access automated bookkeeping services and keep track of their property tax statement. Landlords can securely connect unlimited bank feeds (we are FCA registered no.
911254) to bring all their property finances in one place.
All rent payments, together with other incoming and outcoming transactions for all properties in a landlord’s portfolio, are then tracked in Hammock and reconciled in real-time.
Hammock’s automated bookkeeping matches incoming and outgoing payments with the relevant properties and tenants, all in real-time. This means that landlords will not have to browse through bank statements, finding and highlighting expected transactions and painstakingly tracking any late or missing ones. Hammock will reduce all the time spent on administrative tasks for property finances to a quick tap on the phone (we have mobile apps for both Apple and Android devices) and a scan of a landlord’s reconciled transactions.
All the payments reconciled then feed directly into the property tax statement, where they are mapped against the categories of the SA105 form (the document to fill for those who have income from property). The tax statement is updated in real-time, so landlords will have no surprise tax bills to deal with. Hammock also provides an estimate of the total amount ot the tax bill and gives landlords an option to save over time, so funds dedicated to paying tax are stored away during the year, instead ot being chased
last minute.
The reconciled payments also feed the Hammock insights, that display in real-time all the key metrics to monitor for buy to let investments. Loan to value ratio, profit and loss statements, rental yields and more are available 24/7 and refreshed in real-time.
Landlords receive instant notifications about all payments, and also periodic summaries and statements to keep tabs on their cash flow. Hammock keeps a running total of the arrears balance per property and per tenant, making it easy to spot any missing payments immediately and to agree on repayment plans.