Why Keep A Management Kitty?Owner-only-kitty is kept to cover management costs. We must correct an issue (maintenance, DSTV, electricity, gas, or other) when it occurs.
- A few owners tend to forget to pay their monthly accounts. When this happens you don’t want to let the guests suffer because the owner is asleep.
- Other times, maintenance is required, and getting money from the owner to pay or waiting for a booking to pay is not clever.
Note: Your Cash Flow statement is up to date 24/7 and shows you at any time what is in the kitty and what money is outstanding at any time.