Long distance rent collection

[Mike Webber]

Hey guys, I just closed on a long distance rental and have a PM in place. Right now the plan is for them to collect the rent and deal with the any expenses. They will then send me the breakdown along with the cashflow/owner payout. The property is in my name, not an LLC. Is this the best way to handle it? My concern is that come tax time it might not be as obvious or easy to sort out as it would be if all the rent went to me and I paid them their fee, and wrote checks separately for any expenses. Thanks for any feedback 😁