HomeOwner Accounting requirements for Condo-Hotels, Fractional Ownership hotels, and property managers are not consistent from property to property. Rental Mangement Agreements with owners often are unique, and a variety of options may be implemented to help market and sell units.
In today’s changing vacation ownership real estate market, having an Owner Accounting System that meets your exact requirements and provides your owners with ACCURATE financial statements is more important then ever!
Homeowners and property managers benefit from dynamic, professional HomeOwner Websites that include detailed homeowner accounting statements, downloadable documents, owner concierge, messaging, reservation requests and booked room status online 24/7/365.
Fully integrated and automated homeowner accounting solutions provide your fractional timeshare or whole ownership owners with detailed statements online 24/7/365.
The Condo hotel / fractional timeshare module includes:
- Owner Statements available provided online 24/7/365
Fractional or whole ownership accounting
- Track rental program units and non rental program units
- Owner Invoicing
- Reserve Account Management
- FF&E calculations
- Tax withholding for foreign owners
- Revenue allocated by unit or pooled mechanism
- Statements based on unit or mulitple owner split
Recurring charges by unit type, owner group, or individual owner (ie. cable and telephone charges)
- Post fixed charges by unit type, owner group, or individual owner (ie. Deep cleaning, maintenance charges, etc)
- Tax exemptions and hold back rules
- Ongoing support / consulting with experts in vacation ownership accounting requirements
- and much, much more……
Fractional timeshare properties enjoy features specific to the industry including:
- Dynamic Rotation Scheduling
- Fraction / Timeshare trading
- Independent HOA / Revenue Financial Statements
- and much more….
All Details are configured to the exact requirements of your Management Agreements.