Commission calculations are a fundamental component of property management. They determine how much property managers collect as a commission from homeowner, a process that plays a pivotal role in managing owner relationships. Commission calculations can be remarkably complex, with different property managers using varying commission formulas for each of their owners, making it a daunting task to streamline. To alleviate this challenge, property managers often find themselves in dire need of an automated solution that can effortlessly handle this intricate commission calculation process, ensuring timely and accurate payments.

Clearing understands the intricacies of managing owner relationships and the need for precise commission calculations. To address these challenges, Clearing is thrilled to announce its groundbreaking feature - the commission feature. This feature is designed to automate commission calculations, providing property managers with a streamlined and efficient way to collect their well-earned property management commissions.

‍

‍

Clearing’s commission setup is designed to make your life as a property manager significantly simpler. The process begins within our platform, where you can easily define the commission formulas for each homeowner you manage. Whether it's a percentage of the accommodation fare, a flat fee per booking, or a combination of both, the flexibility is yours. You can create multiple commission formulas to cater to different homeowner needs or have a universal formula for all. Additionally, this tool can be seamlessly integrated with your property management platform.

This feature allows you to choose the exact revenue items you want to apply the commission to, from accommodation fares to cleaning fees. The setup is straightforward - add your commission values, associate them with the respective homeowners, and give your formula a name. Once you're set-up, you'll have a systematic and automated way to calculate and display commissions in owner statements, providing transparency and clarity to both you and your homeowners.

Embrace the future of property management with Clearing's new commission feature. Say goodbye to manual and error-prone commission calculations. Automate your commission calculation process to ensure accurate and timely commission collections i.e. Short-Term Rental commissions and vacation rental commissions from homeowners, strengthen your relationships with homeowners, and streamline your property management operations.

Don't miss out on the opportunity to simplify your commission calculation; request a personalized demo today and experience the efficiency of Clearing's commission functionality.

Curious to learn how to automate commission calculations?

Explore our in-depth knowledge article on this transformative topic to uncover valuable insights and step-by-step instructions on setting up commission formulas within Clearing to simplify your commission calculations, ensure prompt and precise commission values, and fortify your relationships with homeowners.

‍

Clearing is a Financial Technology Company, not a bank. Deposit Accounts are issued by Evolve Bank & Trust, Member FDIC.

‍