Create management-fee structures to calculate fees charged to property owners. A structure can include multiple fee rules.
Create a Management Fee Structure
Go to Settings > Fee Structures.
Click New Fee Structure.
Select Management Fee.
Enter a descriptive name and choose the appropriate Fee Group, which determines the level at which management fees are calculated.
Click Create Structure.
To update an existing structure, select it from the Fee Structures list.
Add Fee Rules
Each structure can include multiple fee items. For example, one structure could charge 7% on rent payments and a flat $20 fee for late payments.
Click Add Line Item.
Configure the fee details:
Fee Method: Management fees use the method that charges the greater of the flat fee or percentage fee.
Flat Fee Amount / Percentage Fee Amount: Enter one or both amounts. Leave an amount blank if it does not apply.
Account Mapping: Choose the income and expense items where the fee is recorded. Use the default Management Fee Income and Management Fee Expense items when appropriate.
Under Charge fee on, choose how the fee applies:
All items: Apply the fee to all invoice items.
Specified items: Apply the fee only to selected items, such as Rent or Maintenance.
Use item-selection options to include or exclude applicable transaction items as needed.
Click Save line item.
Use Preview to review the amount that would be charged using the current rules.
Related Setup
For late fees, see Adding and Editing Late Fees.
To create transaction items, see How to Create a Tenant Invoice.
To assign a fee structure to buildings, see Adding, Editing, and Deleting Management Profiles.