• Home
  • Blogs
  • FAQs
  • Login
  • Home
  • Blogs
  • FAQs
  • Login
home/Knowledge Base/Property Owner Related/How to record owner payment or pay owners from the portal?

How to record owner payment or pay owners from the portal?

128 views 0 December 5, 2022 Updated on March 9, 2024 mippsupportadmin

Once payment comes to the property manager’s bank account, the property manager can then set up a payout to the owner’s bank account. Currently, you can only pay using a bank account (EFT). The payout usually takes about 3 business days. The owner does not need to sign an agreement with the payment gateway vendor, Worldline.

Here are the pre-requisites to pay an owner from the portal:

1) Owner bank information has to be set. Click here to know-how.

2) The management fee invoice has to be generated for the specified month. Click here to know-how.

Once the management fee invoice has been generated, follow the steps below to record payment or payout to the owner using the portal:

  1. Go to Accounting > Owner Payout
  2. If the management fee invoice is generated for the month, you should see an owner payout entry in the ‘Owner Payout (due)’ list. If the due amount does not match, please check the Rent & Disbursement Report. You can quickly recreate the payout line item by clicking the “Delete & Recreate” option from the action menu on the right. 
  3. Click ‘Record Payment,’  and the ‘Record Owner Payout’ window will open
  4. Review the details > Once done, click Continue with Payment
  5. You can either log the payment manually if you have already sent the money to the owner or pay using our system. In that case, choose one of the owners of the property from the dropdown list. If the first pre-requisite is completed, the bank information will be pre-populated.
  6. Please check the box to acknowledge that you have read and agreed to Mi Property Portal’s online payment terms and conditions.
  7. Click the ‘Pay Now’ button.
  8. You can also process Owner Payments in Bulk. Click the “Bulk Payment” buttons at the top right.

Note: MAKE SURE THE ACCOUNT INFORMATION IS VALID AND ACCURATE. ADDITIONAL CHARGES MAY APPLY WHEN A PAYMENT FAILS DUE TO INVALID ACCOUNT INFORMATION

Was this helpful?

Yes  No
Related Articles
  • How to create owner payout manuallly?
  • How to Record a Mortgage Loan and Monthly Payments in MiPropertyPortal
  • How to Record Loan Amount for Property Purchase?
  • What does online payment transaction mean in MiPropertyPortal?
  • How MiPropertyPortal Online Payment Process Setup Flow Works?
  • How to Update Online Payment Settings for Property Manager Account?

Didn't find your answer? Contact Us

Leave A Comment Cancel reply

You must be logged in to post a comment.

Popular Articles
  • How to record HST Payment to CRA?
  • How to Edit a Unit
  • How to Link or Re-link Unit to a Listing Type?
  • Property delete VS Deactivate
  • How to edit a Rental Listing?
KB Category
  • Security Deposit
  • Bulk Data Upload
  • Owner Portal
  • MiPropertyPortal Admins Training Workshop
  • MiPropertyPortal New Features/Improvements Monthly Webinar
  • Task Management
  • Prospective Tenants
  • Setup
  • Vendor Management
  • Tenant Screening
  • Tenant Portal
  • Tenant Management
  • Service Request
  • Accounting
  • Reporting
  • Rental Tax
  • Rental Listing
  • Property Owner Related
  • Property
  • Other
  • Asset Management
  • Online Payment
  • Lease Management
  • General
  • Form Management

  What does online payment transaction mean in MiPropertyPortal?

How to Enable or Disable Auto Pay from Tenant Portal?  

MiPP
MiProperty Portal is Canadian-made for
Canadian landlords and property managers.
COMPANY
  • About Us
  • Why MiPP?
  • Features
SUPPORT
  • Knowledge Base
  • Get Email Help
SOCIAL
  • Linkedin
  • Facebook
  • Twitter
  • Privacy Policy
  • Terms of Use
  • © 2025 mipropertyportal.com. All Rights Reserved.