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Who gets late fees collected by property manager?
For those of you using a property manager, if there is a late fee assessed for late rent does your property manager keep that fee or remit that to you? My tenants were late and a 50 dollar fee assessed and I was surprised when the 50 fee was kept by the management company. I am the one who received my rent later not the Mgmt company is this just part of the property management model??
Thanks