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Splitting Late Fees between owner and property manager
Splitting Late Fees between owner and property manager
Kevin Campbell avatar
Written by Kevin Campbell
Updated over 3 years ago

Question

What would be the best way to set up late fees that go half to the property manager and half to the owner? The property manager collects everything into his bank account within the system (his is the only one connected to forte) and then he would do owner draws to pay the owners. But he does not want to have to manually calculate the late fees every time he does owner draws to know how much to give them

Answer

The user can set up 2 fee structures: one that is linked to the property manager's books and another that is linked to the owner books. That way they are nicely separated on the accounting end. Just split the percentage or flat fee by half when making the 2 fee structures. These amounts can also be changed if the fees are split differently.

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