What happens when I sell a property?
When a rental sells, mark it as sold from the menu on its property card. Nothing is deleted - every lease, payment record, expense, and document stays exactly as it was, so your history and tax reports remain complete. If the property still has an active lease, the app asks you to end that tenancy first (Move Out or Terminate).
The sale form captures the sale date and sale price, plus optional selling costs: loan payoff, agent commissions, closing costs, and other costs. Net proceeds are calculated for you as you type, and you can override the figure if your closing statement says otherwise.
You can also upload the closing statement right on the sale form - the app reads it and pre-fills those figures. Anything you have already typed is left alone, and everything stays editable before you save.
After the sale, the property page shows a Total Return summary: the sale price, minus selling costs and what you paid for the property, plus everything the rental earned while you owned it.
Sold properties are hidden from the default Properties view to keep daily work uncluttered - pick Sold in the filter to see them. A sold property also stops counting toward your plan's property limit, and if you marked one sold by mistake, choose Unmark Sold to bring it back with the sale details kept for re-editing.