Question about payment from Property Manager

[Tony Hightower]

How soon after the first of the month do you get paid from property manager?

Reason I ask is, i am inheriting a PM and am being told they forward funds on 15th of subsequent month. So, June's rent is sent to Owner on 15th of July. Is this normal?

[Steven Taylor]

My property manager forwards them a few days after receiving them at the start of the month, but he is small time and doesn't manage a lot of properties. I would not be surprised if a larger property manager has more specific systems in place that auto forward the payments on a certain date.