{"type":"video","version":"1.0","html":"<iframe src=\"https://www.loom.com/embed/cc706d463cc24643b86326f6f51c1368\" frameborder=\"0\" width=\"1920\" height=\"1440\" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>","height":1440,"width":1920,"provider_name":"Loom","provider_url":"https://www.loom.com","thumbnail_height":1440,"thumbnail_width":1920,"thumbnail_url":"https://cdn.loom.com/sessions/thumbnails/cc706d463cc24643b86326f6f51c1368-d99ab00c9c3c5323.gif","duration":71.066667,"title":"Managing Cancellation Fee Revenue Allocation","description":"In this video, I explain how to manage cancellation fee revenue effectively, particularly when part of it should be allocated to the property manager instead of the owner. I introduce a new fee called cancellation revenue, PM, which we can use to record this allocation. For instance, if we determine that $50 of the cancellation fee should go to the property manager, we will enter that amount as a cancellation fee adjustment. Additionally, I mention that we can adjust the Management Commission if necessary. Please ensure to follow these steps when processing cancellation fees."}