Rent Management Strategy

[Uneeq Khan]

Newbie here. Got some questions about rent. How is rent handled when you have a property manager? Does tenant pay the property manager and he takes his cut, sets up expenses reserves, pays P&I, insurance tax escrow, and then sends you the net profit? Or does the tenant pay the property manager, he takes his cut, and then sends rest to you, and you set up exp reserves, pay escrow etc, and hold net profit? Or does the tenant pay you directly and then you pay the property manager, and handle the escrow and Reserve? Or is there something else I'm missing? Are there regulations how rent can be paid? Can they just venmo/paypal/zelle it or does it have to be a check?