video1.0<iframe src="https://www.loom.com/embed/cc706d463cc24643b86326f6f51c1368" frameborder="0" width="1920" height="1440" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>14401920Loomhttps://www.loom.com14401920https://cdn.loom.com/sessions/thumbnails/cc706d463cc24643b86326f6f51c1368-d99ab00c9c3c5323.gif71.066667In 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.