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Updated over 3 years ago on . Most recent reply
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Lease with property manager
Thanks BP community for your help on this. I'm only 4 years in and I've always managed my own properties but am about to manage a condo for a friend and am not sure if I write the lease between the tenant and the owner or as I always have between the tenant and my property management LLC? Which also leads to my next question, if it is with my property management company, do I accept the rental receipts in my own account on and then forward the proceeds to the owner? I'm just having a brain lapse on this. Thank you BP!
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@Chris Davidson thank you very much! I actually did just that but wasn't sure it was the correct way. I was even less sure about the rental income and accounting so thank you for taking the time. I'll pay it forward, Chris. Thanks again and I wish you and your family the best in 2021.