How move-outs work
Here's how the move-out process works for different types of integrations.
Entrata, Appfolio, or RealPage integrations:
- Property inspects the unit and determines what the renter still owes.
- Property finalizes the financial move-out statement (also known as deposit accounting).
- Whale sends the amount owed to the bank account you’ve linked to the property, up to the total deposit amount held.
- Whale unlocks the remaining amount in the renter’s Whale account so they get their money back instantly.
- When the funds reach your bank account, Whale notifies the property so you can manually apply the payment to the renter’s ledger.
Yardi integrations:
- Property inspects the unit and determines what the renter still owes.
- Property finalizes the financial move-out statement (also known as deposit accounting).
- Whale sends the amount owed to the bank account you’ve linked to the property, up to the total deposit amount held.
- Whale unlocks the remaining amount in the renter’s Whale account so they get their money back instantly.
- When the funds reach your bank account, Whale automatically applies it as a payment on the renter’s ledger.
Manual integrations:
- Property logs into Whale Admin and clicks the “+” button to add a new move-out.
- Property selects the renter and enters the total move-out charges.
- Whale sends the amount owed to the bank account you’ve linked to the property, up to the total deposit amount held.
- Whale unlocks the remaining amount in the renter’s Whale account so they get their money back instantly.
- When the funds reach your bank account, Whale notifies the property so you can apply the payment to the renter’s ledger.