Automatic Transfer of Manager's Portion from Escrow to Operating Account on Owner Statement Generation

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