Property Management Payout

[Tony Spears]

Is it normal for a PM company to collect your rent in one month (Feb) and not pay you the owner until they do their monthly statement at the start of the next month (March)?

This is my first time using a PM and it doesn't seem right for them to hold your fund until the next month! 

[Catherine Emert]

@Tony Spears I think it is all about what is in your contract. For our property owners we collect rent the 1st-5th and they are paid by the 15th. Most of the time I have their checks in the mail as soon as the rents clear the bank.