Expense related management fee rate set at owner level

It is common for property managers to charge a fee to the property owner when expenses such as repairs are organised by the property manager.

RentHQ already has the ability to specify a particular expense group is to automatically charge a fee by ticking the ‘Charge and extra fee to the owner for these transactions’ on the expense group screen, which you reach from the Functions/Setup/Chart of Accounts menu option.

The latest update now allows you to over-ride the fee percentage or fee value on a per owner basis. This is useful if a particular owner negotiates a different rate to other owners. This is set on the owner details screen, disbursements tab. The new rate will apply to any transaction where the selected expense groups has the ‘Charge and extra fee to the owner for these transactions’ option ticked.

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