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👤 Payments & Financial

Managing Owner
Payments & Statements

Set up owner payouts, configure management fees, generate monthly statements, and give owners transparency into their property finances.

Set Up Owner Payouts

Configure how and when property owners get paid.

1

Add a Property Owner

Go to Owners and click "Add Owner". Enter their name, email, and assign them to their properties. They'll receive an invitation to the Owner Portal.

2

Connect Owner's Bank

The owner connects their bank account through the Owner Portal via Stripe Connect, or you can enter their payout details on their behalf.

3

Set Management Fee

Configure your management fee per property or per owner: flat fee (e.g., $200/mo) or percentage (e.g., 8% of collected rent). This auto-deducts before payout.

4

Configure Payout Schedule

Set when owners receive payouts: monthly (after all rent is collected), on a specific date, or manual approval each cycle.

5

Enable Monthly Statements

Toggle auto-generated owner statements that show income, expenses, management fees, and net payout. Sent monthly via email and available in the Owner Portal.

Owner Payout Dashboard

Manage all owner payouts from one screen.

myrentalspot.com/owners/payouts
Owner Payouts — February 2026
Process All Payouts
RJ
Robert Johnson
Riverside Apartments (8 units)
Ready to Pay
Rent Collected
$12,250
Expenses
–$1,840
Mgmt Fee (8%)
–$980
Net Payout
$9,430
📄 View Statement
💰 Send Payout
DP
Diana Park
Maple Street Duplex (2 units)
1 Unit Outstanding
Collected
$1,800
Expenses
–$320
Mgmt Fee (10%)
–$180
Net Payout
$1,300
Owner Payouts — rent collected, expenses deducted, management fee, and net payout per owner
myrentalspot.com/owners/robert-johnson/statement/feb-2026
Owner Statement
Robert Johnson · Riverside Apartments · February 2026
Income
Rent Collected (8 units)$12,250
Late Fees$100
Total Income$12,350
Expenses
Plumbing Repair — Unit 3C–$450
Snow Removal–$350
Insurance (Monthly)–$540
Common Area Utilities–$500
Total Expenses–$1,840
Management Fee (8%)–$980
Net Payout$9,530
Owner Statement — itemized income, expenses, management fee, and net payout

Owner Payment Features

Transparent, automated owner financial management.

💰

Automated Payouts

Schedule payouts monthly or on custom dates. Deduct expenses and management fees automatically before sending.

📄

Monthly Statements

Auto-generated with income, expenses, fees, and net payout. Sent via email and available in the Owner Portal.

📊

Owner Portal Access

Owners log in to view financials, download statements, see property performance, and access documents.

See Owner Portal Feature →
📋

1099 Reporting

Year-end tax reporting with 1099-MISC generation for each owner based on total payouts.

Common Questions

About owner payments and statements.

Yes. Set fees per property or per owner. You can use flat fees, percentage of collected rent, or a combination.
You can configure payouts to only send based on collected rent, or wait until all units are paid. Partial payouts are also supported.
Yes. The Owner Portal provides real-time access to income, expenses, occupancy, and upcoming payouts. See our Owner Getting Started Guide.
You can set a reserve amount per property that's held back from payouts for future expenses. The reserve balance is visible on owner statements.

Transparent Owner Management

Automated payouts, detailed statements, and owner portal access — all free.

myrentalspot.com