Property Manager Accounting

[Robert Hetrick]

Hi BP,

I've got another question as a fairly new owner.  I have one property where the following happened last month.  

In round numbers:

Rent:  $1000

Tenant paid in two payments:  $600, and $405   -  $5 extra.

The property manager is classifying the entire second payment as "pre-paid rent" because the total paid exceeds the amount due, and therefore only credited me $600.

I can absolutely understand keeping the extra $5 to carry over to next month, but to keep the whole payment seems wrong.

Anyone else experience this with their PM?

Thanks in advance,

Rob