Skip to main content
Owners is how you onboard landlords, leaseholders and suppliers, then move money to and from them. Every owner has its own account with a balance. When a tenant pays an invoice, Yorlet transfers the owner’s share into that balance, deducts your fees, and pays the owner out to their bank on a schedule you choose. You can view and manage owners from the Owners page.

​
How money moves

  1. A tenant pays an invoice. Each line item’s transfer behaviour decides which owner receives the funds, and a transfer credits the owner’s balance.
  2. Yorlet collects your management fee and any expenses from the owner’s balance and credits them to your platform account.
  3. Once funds are available, a payout pays the owner’s balance to their bank, with a receipt and statement.
Read Understanding fund flows for the full picture.

​
Get started

Account types

Choose the right owner account for a landlord, leaseholder or supplier

Onboard accounts

Collect identity verification and bank details from your owners

Updating accounts

Update the details, bank account and payout settings on an owner account

Platform accounts

Use the owner account that represents your own business

Unit ownership

Attach owners to units and set the fees you charge on each one

​
Move money

Fund flows

How payments are split between your platform and your owners

Transfers

Credit owners from paid invoices, send funds manually and reverse transfers

Charge owners

Debit an owner for fees, expenses and service charges

​
Pay out owners

Account balances

See what each owner is owed or owes, and adjust or reserve funds

Owner payouts

Pay an owner from their available balance, on a schedule or on demand

Payment runs

Group payouts into a payment run and pay them together

Tax reporting

Deduct and report tax on rental income for landlords who live abroad