Propertyware Knowledge Base

Category » Management

There were 12 articles found in this category:

1. What is the Management Module?
   Propertyware’s Management module helps property management companies to track the finances for their owner’s portfolios, track owner contacts, generate management fee bills, track all communications with their owners and much more. What is a Management Fee? A Management Fee is a fee ...
2. How do I setup my Management Fees?
   Propertyware provides two options for companies that need to charge a management fee for any buildings that they manage. SIMPLE FLAT MANAGEMENT FEE -- If your company charges a flat fee for managing a portfolio, regardless of money collected in any given month, then the management fee should b ...
3. Management Settings
   Your Propertyware administrator can configure settings to reflect how your management company does business. From the Management section within Setup your administrator can: · Edit management info · Customize your owner’s statements · Conf ...
4. Deleting Management Fee Bills
   To delete an Paid management fee bill: Click on the Money Out tab In the Vendor Navigator on the left side bar, select Type = Management Company Select your Management Company Vendor from the list in the left side bar In the Bills table on the main page, set the Portfolio and Date filter ...
5. Adding your Company Logo to Owner's Statements
   To add your company logo to Owner's Statements: Click the Setup link. Click the Company Info link located in the Administration Menu on the left side of your screen. There is a blue box at the bottom of this screen where you can upload your logo. The recommended size for this image is 300x ...
6. How can I tell which transactions I have charged a management fee on?
   The Management Fee Calculator works on time periods, not on individual transactions. The idea here is that you collect income and pay expenses for a given period, then you create and pay your management fee for that period and send a statement to the portfolio owner. After this process is c ...
7. What bank accounts do I need to set up as a management company?
   If you are managing properties for one or more owners and plan to charge management fees for your services, consider the following points when setting up your Chart of Accounts: Create at least one bank account for your operations. We recommend that you have at least one bank account to use ex ...
8. Setting a Management Fee Rule for Each Building
   By default, the management fee rules in Propertyware are set at the portfolio level and apply to all buildings. In order to setup a different percentage based management fee calculation for each building in a portfolio, your administrator will need to setup separate income accounts in your char ...
9. Best Practices for Importing Data
   Propertyware Import Best Practices The following guide includes best practices that should be followed when completing the Propertyware Import Workbook to transfer your existing property, lease and tenant information into your Propertyware account. Naming Conventions are an important step to c ...
10. Owner Ledger
    The Owner Ledger page view is a historical ledger that displays transactions against a particular portfolio. You can review history or initiate owner contributions, owner draws and journal entries. The following details will be included: 1. Portfolio filter 2. Period filter 3. ...
11. How do I delete owner draws or contributions?
    You may delete owner contributions and owner draws that have been recorded in error. Simply follow the steps below: DELETING AN OWNER CONTRIBUTION: 1.Click the Management Tab from any page of the application. 2.Click the Summary button from the sub-navigation bar that appears immediately belo ...
12. How do I charge management fees on rent that doesn't go through my office?
    You may manage properties for an owner who receives rent checks directly from his or her tenants. If you need to charge a Management Fee based on these payments, you can accomplish this task as follows: Create a bill and set your Management Company as the vendor, Select the subject Portfoli ...