Why Keep A Management Kitty?
[su_spoiler title=”More on emergency breakdowns” style=”fancy” icon=”chevron-circle”]Read more about Emergency Breakdown Costs?[/su_spoiler]
[su_tooltip style=”green” position=”south” shadow=”yes” rounded=”yes” title=”Kitty” content=”Kitty is used for lack of a better word. It is shown as Cash Flow on the Income Sheet.” close=”yes”]Owner-only-kitty[/su_tooltip] 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.
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