Short-term rental operating system Hospitable has announced the launch of Split Payouts for Vrbo and direct bookings. This will allow property managers to automatically split booking revenue between themselves and their owners from one single transaction. The release makes Hospitable the first property management software (PMS) to offer Split Payouts natively.
Booking money has traditionally arrived in one place and then had to be moved again. Either the manager receives the full amount and owes the owner their share, or the owner receives it and owes the manager commission. Some managers settle that at the end of the month, once owner statements have been produced and checked, creating additional work and often leaving owners waiting days for money that was collected earlier.
For managers who get their commission from the owner it means covering cleaning, maintenance, and supply costs out of their own pockets while waiting for payment that has already been made by the guest.
Split Payouts eliminates the second step. Booking revenue is split at the source, with the owner’s share and the manager’s commission paid out at check-in and recorded in a single, clear breakdown. Owners won’t need to wait for the statement cycle to complete before their payout is initiated, and managers receive their commission without waiting for reconciliation to finish.
“Property managers are competing hard for owners, yet one of the most important parts of that relationship, getting them paid, is still unnecessarily slow and fragmented. Money comes in, sits somewhere, gets reconciled, and then has to be moved again.
“Split Payouts means the manager and owner can each get their share from the same booking transaction.
“We’ve already taken on more of the financial complexity around taxes and payments because we believe the PMS should do more of the heavy lifting. Payouts are the next part of that.”
ierre-Camille Hamana, CEO and Founder, Hospitable
Split payments have previously only been available to managers selling on Airbnb, where they are supported by Airbnb’s own payments system. The availability didn’t exist for Vrbo or direct bookings, leaving managers to turn to different processes depending on where each booking came from. Hospitable now applies the same payout flow across all three, so managers can diversify their distribution without adding another payment workflow as they grow.
Owner acquisition and retention have become one of the most competitive parts of professional property management, making fast, transparent, and reliable payouts an increasingly important part of the owner experience.
Split Payouts joins Hospitable’s wider owner management tools such as – Owner Statements, branded Owner Portal, native accounting with a QuickBooks integration, Owner Payouts, and the Property Manager Marketplace – designed to give growing property managers more of the infrastructure they need to win, manage and retain owners in one system.
