Hiring And Screening a Property Manager
Where is rent from your tenants paid to, you as the landlord then you pay your property manager their fee or to the property manager then they pay you all the pretax income (NOI).
Could you please go into detail describing your rent payment collections so I can learn.
I’ve been doing research and it turns out that a lot of people have property managers who collect all the rent to their bank accounts then pay the owner. I’m worried as even if the property management company is established and professional I want to have greater control over my money and I don’t know what they do with it or whether or not they underpay me.
Do property management companies allow the owner to have rent payed into their bank account preferably via an online portal like Buildium where both can manage operations and then the owner pays the property manager their management fee. That is what I’ll like to do and wonder if any property management company would allow that.