Understanding Management Fee

Training Video

Who

  • Admin: Accounting

Department

Accounting Team

Why

  • For Accounting purposes

Created by

Elam King

When

  • Use everyday

Date created

Oct. 20, 2021

Provisions

  • Approved Reference Document

Revised by

 

Policy

    • All SOPs are living documents that are maintained frequently
  • For Revisions or wanted to add/update responses, advise Joanna to update the document.

Revised date

 

WHAT

☐ POLICY   |   ☑ REFERENCE DOC   |   ☐ PROCEDURE

  

For the following training you need – 

Access to Uplisting https://app.uplisting.io/  

Please watch training video:

Definition of Terms

Management Fee: what Kingly charges the property owner to manage the property

Service Fee: What OTAs charge us to use their platform. Airbnb is 14%, BDC is 15% etc. The service fee gets passed on to the property owner.