Overview
The Management Fees report is where you can see a list of all your properties and which ones have management fees set up. This way, you don't need to go into each property individually to check. The report is also a great place to manage your management fees in bulk.
Note: Management Fees aren't available on Starter Plans. Consider upgrading to the Pro or Premium Plans to access this feature.
The Steps
View the Management Fees Report
To view the Management Fees report, click Reports on the main menu. Search and click on the Management Fees report.
Use the filter bar to narrow down the report by Portfolio, Property, or Status, or use Grouping if you want to group by status.
The report shows the following columns:
Property — The property name.
Status — Whether the property is Active or Inactive.
Payee — Who receives the management fee payout.
Cash basis / Accrual basis — A checkmark shows which accounting method(s) the property's management fee is set up for.
Flat fee — Shown if the property uses a flat management fee amount.
Minimum fee — Shown if a minimum fee amount is set.
Payout accounts — Shown if payout accounts are configured for the property.
Properties with management fees enabled have this information filled in, while those without appear blank.
Example of What You Can Use the Management Fees Report For
Creating and Editing Management Fees in Bulk
Click Reports on the main menu. Search and click the Management Fees report.
Select the properties you want to add or edit management fees for by by selecting the checkbox next to each property. Then click Edit Management Fees button on the floating bar. All the properties you select will share the same management fees you're about to set.
If the properties you selected had different management fees set up for each, you will get a warning that the selected properties have different fee settings. Continuing will apply the same fee structure to all selected properties. Click Keep Editing to continue. Doing so will make them all the same.
On the Property Management Fees window, toggle Enable management fee for this property on or off, depending on what you're trying to do.
When toggled on, select one of the following:
Use Company Default Management Fee Structure: Use ff you want it to follow the default rules.
Specify Management Fee Structure For This Property: Use if you want to give these properties their own management fee structure.
For a refresher on setting management fees, see Set Up Your Management Fees Policy.
Click Save when you're done.
Tip: If you want a report that shows when management fees were charged and for how much, use reports such as the Cash Flow Statement or the Owner Statement. Selecting the Management Fees line item from those reports takes you to the Transaction Details report with all the management fee bill payments.