How to handle rental income from various properties?

[Russell Grevler]

We’ve been renting out my property in the Catskills for the past 6 months. I’ve subsequently purchased another property(hoping ready by March), but we will also be managing 2 other airbnb properties(we do not own them).

Regarding the management of the client properties, how best for some handle rental payments? Does the client receive the money directly and then pay the management fee. Or should I be setting up a bank account for each client property and then transfer them the rental income less our fee?

Thanks!

[Paul Sandhu]

I would set up a separate bank account for the properties you manage that are not your own.  Or you can use your clients bank account number and have them pay you.  There is more than one way to skin a cat.  Just like there is more than one way to clean a duck.