TenantCloud Webinar | Owner Distributions & Management Fees

Hi everyone. Today we'll be going over owner distributions and management fees. This is a crucial feature for our property managers. It allows the system to do the work for you and calculate those invoices and allows you to send those payments to your owners in a timely manner. So the first step I did was I added the

property under portfolio and you can see here it has been added and then I also added the owner under contacts owners. Once I had them added I can assign them to this property and you can always edit that assignment here under the owners tab on the property page. As you can see, when I edited that

owners tab, once there's a property assigned, it will open up more sections underneath that. The top one will be the owner distributions. This will allow you to have the system create net distribution invoicing automatically or flat distribution invoicing automatically. You can also turn on both if you need that. I'm going to do net

with this one. Um, net will calculate what the owner should get in their distribution by taking the rent minus any property expenses and your management fees. I don't have a unit reserve, so I'll put zero. But if you did have a per unit reserve, you could fill that out here. For the invoice due date, we do

recommend that you do it at least on the 15th or somewhere towards the second half of the month. This allows the money time to process and get settled into your account, your account. If the rent payment is made, but it is still pending um by the time this invoice was supposed to post,

then the invoice will not post. The money has to say that it the rent has been fulfilled for that invoice and the system to know to post that. If I were to do flat distribution, this is where the owner gets the same amount every month no matter what property expenses are deducted and does not