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General Landlording & Rental Properties
HomeForumsGeneral Landlording & Rental PropertiesHow long does it take your PM to deposit rent?
Doug Peters's profile image
Doug Peters's profile image
Doug Peters
  • Rental Property Investor
  • from Los Angeles, CA
  • Member since Sep 10, 2018
  • Posts 68
  • Votes 34
  • Experience 19 Yrs
  • Investments 2
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User Stats

68
Posts
34
Votes
Doug Peters's profile image
Doug Peters's profile image
Doug Peters
  • Rental Property Investor
  • from Los Angeles, CA
  • Member since Sep 10, 2018
  • Posts 68
  • Votes 34
  • Experience 19 Yrs
  • Investments 2
Connect
Doug Peters
  • Rental Property Investor
  • Los Angeles, CA
34
Votes |
68
Posts
General Landlording & Rental Properties

How long does it take your PM to deposit rent?

Doug Peters
  • Rental Property Investor
  • Los Angeles, CA
Posted Jan 25 2019, 21:08

We have an OOS property and the property manager is supposed to deposit the rent on the 10th of the month.  

How quick is your rental income deposited?  I didn't realize that the rent deposited in the previous month.

From my PM. "Each month the owner draw is for the previous month. For example, by December 10th we’ll have Deposited your owner draw for November income."

Is this normal?

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