Configure agency split per owner per property
As a VRM I would like to have a different agency/owner split per property per owner. Right now, the same agency/owner split applies to all properties that belong to a single owner. Instead, I would like to have different splits per property per owner.
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VOMGT commented
Is it possible to allow property-specific commission rates for the owners' portal? Our property Owners love the fact that they can see the total rent minus the Agency commission, but it is set as a standard and cannot be individualized for a specific property. While this may be suitable for some, it is not for others.
To accurately reflect the net rental income for each property and provide owners with transparent and precise financial reporting, it's crucial to have the ability to set and apply different commission rates for individual properties/listings within a single owner's portfolio. Prices fluctuate from property to property and season to season, and a standard rate for an owner just does not work.
Implementing this feature will significantly improve the accuracy of financial data presented in the owner portal, and enhance owner satisfaction by providing clear, individualized breakdowns of their rental income.
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Erika Lorraine Pagan commented
I manage two properties for the same owner, Russell: Casa Italia at a 12% management fee and Paraiso Tropical at 20%. When I update the agency commission in Paraiso Tropical, it also changes the commission for Casa Italia automatically, which should remain at 12%. It appears the system is matching the commission rate across both properties, even though they have different rates.
This inconsistency is causing incorrect calculations in the financial reports, as the agency commissions are being applied incorrectly and now at the end of each month I need to calculate owner reports manually so agency commission is calculated correctly. Could you please look into this? -
Amanda Middleton commented
I have multiple owner who have multiple properties with us. A few are in different areas and fall under a different commission bracket. Currently, there is no way to change commission rates for the property; instead it is connected to the owner. This complicates or eliminates our ability to utilize the financial reports.