Difference between Payroll and Management?
Can anyone explain the difference between the two expenses? Thanks
[{"id": "ejkmp93", "text": "Typically, I've seen Management as fees paid to a property management company, whereas Payroll is for employees directly employed by the property owner, i.e., the superintendent.", "replies": [{"id": "ejkrylo", "text": "This is the correct answer. ", "replies": [], "depth": 2}], "depth": 1}, {"id": "ejkms59", "text": "Payroll would be part of full time maintenance staff, or leasing staff that doesn\u2019t get commission, etc. Management is paid a percent of collected rents and is likely who payroll staff report to.", "replies": [], "depth": 1}, {"id": "ejkn3a6", "text": "Management fee is like a \"franchise fee\" paid to the management company. For multi it is usually 2.5-3% of EGI. \n\nPayroll is then used to actually pay the employees on site. ", "replies": [], "depth": 1}, {"id": "ejknqxs", "text": "Helpful answers here thanks guys", "replies": [], "depth": 1}]