General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 1 year ago on . Most recent reply

Property Management Payout Clause
Does anyone have a clause in their property management agreement of when payouts should occur/be processed following monies received? My property manager takes a few weeks to process payments after receiving tenant payments. My PM does not use software or allow online payments and handles payments via check/money order. Record keeping is still done by hand and a scanned payout sheet is sent via email each month. A little dated, but I don't think I have the portfolio to demand they adopt some tech. Deposits to my account are via ACH and takes about 2-3 days once processed.
Any other advice on how to facilitate quicker payouts from my PM?