More Info About

Profit Sharing

  1. Each month West Seattle Property Management (WSPM) will set aside 2.0% of our company’s top line revenue total into a Special Distribution Account (SDA). This will accumulate until a Liquidity Event (LE), or the 4th anniversary of the company founding (May 2024), whichever occurs sooner.
  2. SDA designated funds will be maintained/invested by WSPM with quarterly updates, at minimum, published on the value of the SDA.
  3. Owner’s allocation is determined by revenue paid to WSPM during management.


Allocation, less any taxes, is guaranteed even if management ends before LE takes place.


Example:

  1. Owner’s rental(s) generated $10,000 in total revenue for WSPM while under management. On the LE date, the total revenue WSPM has generated since founding is $1,000,000. The total market value of the independent SDA is $400,000.
  2. Owner would receive a one-time distribution of $4,000; calculated as such: ($10,000/$1,000,000) x $400,000.
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