Property Management Condo Hotels, Fractional Hotels operation software - Owner Accounting

Owner Accounting Solutions Designed specifically for Condo Hotels, Fractional Hotels, and Property Managers

Not All Owner Accounting Systems are created equal!

Owner Relations Technology specializes in Owner Accounting Solutions based on your Rental Management Agreement and configured for your Condo Hotel, Fractional Hotel, or property management company.  

Owner Accounting requirements for Condo-Hotels, Fractional 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 before!

If you are considering an all inclusive Property Management Systems that claims to provide Owner Accounting, keep in mind the following. 

Your Property Management Reservation System (PMS) handles a variety of hotel related operations including Guest reservations, Groups, Check-In, Folios, Housekeeping, Spa and activities, and more.  The software development teams that create, manage, and maintain Property Management Systems are overwhelmed with development requests, and owner accounting and services are often NOT a development priority.

Ask yourself the following questions:

• Do you want to improve the Owner Experience by allowing owners to retrieve their financial statements online through a professional looking, user friendly, branded, private, and secure website?
• Do you have a preferred reservation or property management system you would like to continue using for hotel operations?.
• Do you want to work with an established company that completely understands your business, specializes in owner accounting, and has a reputation for excellent support and service?
• Is your current owner accounting process cumbersome and time consuming (ie, spreadsheets are used to track revenue and expenses)?

To find out more about Owner Accounting Solutions implemented for your requirements, contact us at.

1-877-892-3348 or 1-604-892-3348

Or use this form to to request additional information

Save time. Save money. Improve the Owner Experience

Customer Testimonials

"Having moved to a consolidated owners website we have found that our owners are much better informed and have far greater control of their records and accounts. From a property manager perspective it has streamlined the owner accounting operation , as well as provided an easy to use communication platform."

Ian Lowe - General Manager
Residence Inn by Marriott - Whistler Resort

"The Owner website and Owner Accounting System at the Westin Trillium House, Blue Mountain has greatly benefited both the administrative team and the unit owners.

As well, the unit owners at the Westin Trillium House, Blue Mountain were extremely impressed with access to one system and website that provided them absolutely everything they need. The owners appreciate the financial statement format and the ability to see how their unit has earned revenue."

The Westin Trillium House - An Intrawest Managed Property

Owner Accounting Module Features

• Owner Statements are available provided online.
• Fractional or whole ownership accounting
• Track rental program units and non rental program units
• Owner Invoicing
• EFT
• 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
• 1099's 
• Intefaces with many popular Reservation and PMS systems including Springer Miller Host, Epitome, Nitevision, Galaxy, Fidelio, Opera, Agylisis LMS, Innquest RoomMaster2000, MSI, AutoClerk, Digital Rez and RDP.
• Ongoing support / consulting with experts in vacation ownership accounting requirements
• and much, much more......

Equitable / Fair Distribution of Revenue across Owner Units

One of the challenges operating a condominium hotel is insuring that each unit is rented on a fair and equitable basis. The Equitable Rotation reporting module allows yield management and reservation management based on revenue earned, nights booked, or number of reservations.