Problem Statement:
- Hospitable only allows one bank account per property (escrow), where all guest payments land
- The manager's portion of the statement remains in escrow with no automatic routing to the operating account
- Currently, you must manually calculate the manager's amount from each owner statement and transfer it to operating by property every month
- This manual process will become increasingly time-consuming at scale
Current Workaround:
- Manually calculate the manager's portion from each owner statement
- Transfer the calculated amount from escrow to operating account by property, every month
Impact:
- Significant manual effort required for each property monthly
- Risk of calculation errors or missed transfers
- Time-consuming process that doesn't scale well as portfolio grows
Proposed Solution:
- When owner statements are generated, automatically calculate and transfer the manager's portion from the escrow account to the operating account
Unlock:
- Eliminate manual monthly transfers and calculations
- Reduce errors and save time
- Streamline operations as the portfolio scales