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home/Knowledge Base/Property Owner Related/How to charge an owner for an expense?

How to charge an owner for an expense?

8 views 0 December 5, 2022 Updated on December 10, 2022 mippsupportadmin

When you manage properties for owners, you will be charging the owner for any expenses or services you have performed on their behalf of them. For example, buying a faucet for a unit or charging the leasing fee. There are two ways to charge the owners in Mi Property Portal.

  1. By creating a ‘Reimbursable bill’
  2. By creating an ‘Owner invoice’  

The difference between ‘Bill‘ vs ‘Owner Invoice‘ is that:

  • A ‘Reimbursable Bill’ is an expense that you have made on behalf of the owner and you are now recouping the money from the owner. It is a regular bill given by the service provider, with an option to reimburse the money, from the owner, at the same time.
  • An Owner invoice is a direct charge from the property management company to the owner.

Click the following links to see how to:

  • Create a reimbursable bill
  • Create an owner invoice

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