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Updated 4 months ago,
Software and ACH Setup
Hello, My husband and I are starting a property management company in the Jupiter, FL area. We have one owner and one tenant so far and we are currently setting up Buildium. I am just curious how most structure their payment process when receiving and paying rental payments, vender payments, etc. We do have a business checking and savings account setup, but do all rental payments go into the same account generally? I am wondering if some of you get the owners account info to setup in the software to have their rental payments go directly in and vender payments coming directly out? Or is it necessary to receive rental payments and pay vender payments out of our property management account?