Property Terms for Owners

PROPERTY MANAGER MODE

If you manage a property for the owners, you can assign them to the property and set up a property management fee based on your Property Management Agreement.


To assign an owner or several owners to a property and set up the property terms, go to the property's page and press “View” on the desired property. Go to the Owners tab. Press on the Plus icon in order to assign the owner(s) to the property:

Click on “Owner 1” and choose an owner from the list. If the property has shared ownership, click on “+ add owner” and repeat for the total amount of co-owners this property has:

This might be helpful:
How to add a required reserve to the Property?
How to create an owner agreement?

Please note!
The system's limit is five owners per property. With shared ownership, you'll need to determine how ownership is distributed. Type in what percentage of the property belongs to each co-owner next to each co-owner's name. The total must be 100%. 

You will want to set up an automatic monthly owner’s distribution:

flat distributions

net distribution.

Both options can be enabled if needed.




You can put in place global settings for management fees that can be enabled when moving in a tenant or setting renewal lease fees and service fees. This will allow you to quickly generate property management invoices based on property terms. It will save you time and make your property management easier.
Read more:
How to set up automatic owner distribution invoicing?
How to set up management fees?

How to automatically calculate a service fee to owner?
How to set up automatic Renewal Fee invoicing?

Please note!
In order to share information about a property with an owner(s), you must be connected with the owner(s).

 

Last updated:
Sept 23, 2021