PM Owner Distributions

3 Replies

How many days is typical before owner funds are distributed to landlords? My old PM used to be 10 days my older PM company was purchased and the new company is more like the 20th which just sounds ridiculous.

Originally posted by @Louie Gabriel :

How many days is typical before owner funds are distributed to landlords? My old PM used to be 10 days my older PM company was purchased and the new company is more like the 20th which just sounds ridiculous.

I think the 10th is the most typical, but it varies. I know some managers that wait until the following month so they can pay and publish a full month report. 

Similar to you, I get the owner draw by the 20th of the month which is ridiculous as well. 

I agree with @Nathan G. , most common is the 10th but I also know PM's that do it on the 20th or at the end of the month or even the 1st of the next month. It's a business decision on their part and should be spelled out in the PM Agreement so you know what to expect.