Getting to Know WebRezPro: Owner Payout Module for Vacation Rental Management

The vacation rental market is flourishing with demand for holiday rentals (from condos to cabins) on the rise. Services like Airbnb, VRBO and HomeAway have helped make “alternative” accommodations increasingly mainstream, and today’s travelers are gravitating toward genuine local stay experiences.

This all bodes well for vacation rental operators, but in order to maximize returns, property managers need good systems in place to optimize operational efficiency and bookings.

Managing vacation rentals is rewarding but comes with a multifaceted workload – there’s marketing and distribution, managing bookings, cleaning, maintenance, communication with owners and guests, and staying on top of accounting. Property rental operators need a system that can track both front- and back-office operations in real time for complete control (and maximum productivity) of business.

As a fully integrated cloud property management system (PMS), WebRezPro automates the daily workflow, from inventory, rate and reservation management, to scheduling and tracking housekeeping and maintenance, to accounting and reporting, and even routine guest communications.

Specifically designed for vacation rental operators, WebRezPro’s Owner Payout Module minimizes accounting headaches for businesses that manage rental units for third parties, including fractionally owned properties.

Owner Payout Module

When dealing with multiple and fractional ownership, calculating who’s owed what can be time-consuming and prone to error without an automated system. WebRezPro’s Owner Payout Module makes accounting simple, tracking owner revenue automatically and saving vacation rental managers a lot of time in the office.

This is how it works:

>> An Owner Profile is created for each owner, with ownership defined per unit, as a percentage of a unit or a proportion of the year.

>> Unit owners can be granted limited access to your WebRezPro system via Owner Logins. Set up in owner profiles, an owner can be given a unique ID number and access code, which they can use to log in to the system to check availability of their own unit/s, book themselves into their unit at no charge, and view their statements. Unit owners love this convenient feature that offers them transparency on their property’s performance, while management benefits from the time saved on manual communications.

>> Recurring Owner Charges (for example, management and cleaning fees) and one-off or variable charges (for example, maintenance and utilities) can be set up in the system and calculated in a variety of ways—as a flat fee, a percentage of revenue, variable fees, etc.

>> When it’s time to pay owners, WebRezPro generates individual Payout Statements for each owner, for the defined payout period. Owner payouts can also be set to be calculated as a flat fee, a percentage of unit revenue, variable fees, etc. The system automatically calculates the amount owed to each owner based on unit revenue, after deducting owner charges (fees and taxes). WebRezPro can even write the cheque!

With flexible standard features—including rate and package management, direct online bookings with unit slideshows, and paperless check-in—along with customized functionality such as direct integration with online distribution channels, and the Owner Payout Module, WebRezPro PMS provides vacation rental managers with a flexible, automated, all-in-one property management system that streamlines operations and boosts revenue.

Le Boot Oceanfront Suites

Located just 100 feet from the famed boardwalk in North Wildwood, New JerseyLe Boot Oceanfront Suites provides beachfront accommodations with every room having a terrific view of the ocean. Choose from 30 one- and two-bedroom suites, each with either a galley or full kitchen, free WiFi and air conditioning. Additional hotel amenities include an outdoor pool and BBQ grills. Le Boot Oceanfront Suites has just started using our cloud-based WebRezPro Property Management System to help with their operations. Visit their website to see how they’re using WebRezPro to accept online bookings!

Aqua Bay Club

Resting in the most secluded and desirable stretch of the world-famous Seven Mile Beach, Grand CaymanAqua Bay Club offers one- and two-bedroom condos equipped with WiFi, central air conditioning, kitchens and screened patios or balconies. All condos are beachfront and onsite amenities include an oceanfront pool and hot tub. Aqua Bay Club has chosen to use our cloud-based WebRezPro Property Management System to help with their operations. Visit their website to see how they’re using WebRezPro to accept online bookings!

Windrift Motel

The Windrift Motel is the ideal home base for a fantastic Cape Cod vacation! Located in West Yarmouth, Massachusetts, this seasonal motel is open from May through October and offers 36 guest rooms and efficiencies. Additional amenities include an outdoor pool, WiFi and a BBQ area. The Windrift Motel has just started using WebRezPro Property Management System to help with their operations. You can see WebRezPro’s integrated web reservation software in action taking online bookings directly from their website!

Hotel Sutter

Located in the heart of wine country, Hotel Sutter in Sutter Creek, California, offers modern amenities with historic charm. Offering 24 guest rooms and suites with handcrafted quilts and complimentary toiletries, this hotel also boasts on-site dining, two lively bars and free WiFi. Hotel Sutter has chosen to use our cloud-based WebRezPro Property Management System to help with their operations. Visit their website to see how WebRezPro’s is enabling to accept online reservations directly from their website!

Hallmark Resort Newport

Hallmark Resort Newport is an oceanfront hotel in beautiful Newport, Oregon. All of the hotel’s 157 guest rooms feature oceanfront views and hotel amenities include pet-friendly rooms, an indoor saltwater pool, a hot tub, a sauna, a fitness room and a restaurant. Hallmark Resort Newport has chosen to use WebRezPro Property Management System to help with their business. See how they’re using WebRezPro to take online bookings by visiting their website!

Liberty Lodge

Situated in Williamsport, Pennsylvania, The Liberty Lodge is a 30-room hotel that offers nightly or extended stays. All units are one-bedroom suites that are equipped with free WiFi, microwaves, refrigerators, dishwashers and dual-burner cook tops, making this an ideal place to stay when visiting Williamsport for awhile. The Liberty Lodge has just started using our cloud-based WebRezPro Property Management System to help with their operations. Visit their website to see how WebRezPro is enabling them to take online bookings!

Bear Mountain Inn

Nestled at the base of Bear Mountain along the Appalachian Trail, the Bear Mountain Inn is just 45 minutes from New York City! Opened in 1915, this historic lodge offers 63 guestrooms including some that are pet-friendly. The inn also offers complimentary continental breakfast, onsite dining, a spa and so much more. The Bear Mountain Inn has just started using our cloud-based WebRezPro Property Management System to help with their operations. Visit their website to see how the inn is using WebRezPro to take online bookings!

White Wing Lodge

The White Wing Lodge in Branson, Missouri, is an affordable motel that offers 75 guest rooms including some with kitchenettes. A wide range of amenities area available onsite including free WiFi, complimentary breakfast and an outdoor swimming pool. The Deer Run Motel has chosen to use WebRezPro Property Management System to help with their operations. Visit their website to see how WebRezPro’s integrated Web reservation software is enabling the motel to accept online bookings!

Blue Sail Inn

Located in beautiful Morro Bay, California, the Blue Sail Inn overlooks Morro Rock and the Embarcadero and offers 48 guest rooms with free WiFi, microwaves, refrigerators and balconies with panoramic views. Every morning a complimentary continental breakfast is served to guests. The Blue Sail Inn has just started using our cloud-based WebRezPro Property Management System! Visit their website to see how they’re using WebRezPro to take online bookings!