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Updated over 9 years ago, 07/28/2015
Property Managers - How do you pay your owners?
I am a (licensed) property manager with a small Property Management company in CO and we manage approximately 100 units (primarily SFH). For some reason, our bank (1stBank) will not allow ACHs out to our owners (I think it has to do with my Employing Broker's credit?)... I was wondering what system you use to pay your owners other than ACH?
Currently, we either mail checks, deposit them into their accounts at their bank or pay via paypal... I'd love to hear other options!
Thanks!