Set the Management Fee
There are two methods for the way management fees are administrated.
- The management company collects the rent from the tenants and sends the property owner a purchase invoice for the management fee.
- The management company collects the rent from the tenants and generates a client transfer into the owner's share of a central client account. At any later stage, a bank transfer can be made to the owner's actual bank account.
Property expenses have the same options.
Click Admin > General Settings from the drop-down list. The General Settings window displays.
From the Invoices tab, use the radio buttons to toggle between Purchase Invoice mode and Client Account Transfer mode.
Click OK to save the setting and close the window.
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