Collecting rents with a property management company?

[Bellman Tumasang]

Let's say my property rent not NOI is $1m a year.

All tenants pay online using an online service or app etc.

I have a property management company that I pay 10% so $100k.

As the property management company manages the property like the leases, finding tenants, repairs, maintenance etc do they collect the $1m paid to their bank account and I trust that they only take a $100k cut and pay me $900k or can I instruct them to set up the online service where all the rents are paid to me so I pocket the $1m then pay them $100k?

[Theresa Harris]

@Bellman Tumasang  It is a business and you are trusting them with your investment.  The money goes into their bank account and is then paid into yours.  For my PM, they deposit the rent into my bank account on the 15th of the month while the tenant pays on the 1st.  This gives the PM time to deduct any expenses (repairs) and ensure the payment from the tenant clears.