To whom is the Casiola Property Management System (PMS) fee payable?
Casiola Franchise · 2024 FDDAnswer from 2024 FDD Document
| account by ACH or other means we designate. | |||
| Property Management System (PMS) | Currently $40 per month, per active rental property and subject to increase | Monthly on the first Thursday of each month | Monthly license for property management system. Payable to us or supplier as we designate. |
Source: Item 6 — OTHER FEES (FDD pages 12–18)
What This Means (2024 FDD)
According to Casiola's 2024 Franchise Disclosure Document, the Property Management System (PMS) fee is payable either to Casiola or to a supplier that Casiola designates. This fee is currently $40 per month for each active rental property and is subject to increase.
The PMS fee is a monthly license fee for the property management system. It is due on the first Thursday of each month. Casiola retains the right to change the payment recipient, so franchisees must stay informed about where to remit this fee to avoid late payment penalties.
Franchisees should be aware that Casiola may deduct fees, including the PMS fee, from Gross Sales received or automatically deduct it from the franchisee's bank account via ACH. This means franchisees need to ensure sufficient funds are available to cover the fee each month. Understanding the payment process and potential changes is crucial for managing cash flow and maintaining compliance with the franchise agreement.