Section8 Payment to Owner or PM?
How do you typically receive your section8 payments?
My property management company is having section8 payments go directly to me rather than through them. This is going to create so much more bookkeeping for me. Now when I generate a rent roll or any other documents from my property management's online software it won't show the section8 payments. My property manager pays me at the end of the month rents minus any fees/repairs/maintenance. Now with the renters paying very little to the property manager and the majority of the rent payment going directly to me, I'll end up owing the property manager money at the end of the month from time to time. So not only will I have to keep track of the money coming in, I'll have to keep track of it going out.
Their reasoning is that since they don't do payouts until the end of the month, some investors prefer to get their payments from section8 at the beginning of the month to cover expenses. I'm really not a fan of doing it that way though since that's what reserves are for.
Trying to get a feel of how everyone deals with this.