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Updated over 2 years ago,
management company holding funds until checkout
I'm new to the short term rental game.
I signed a contract with a management company but somehow I didn't catch that they were going to release the funds only after the guests check out + 15 days next month.
Is is normal? It doesn't sit well with me that they hold all of the cash. If they go belly up. there goes all my cash. That gives them way more leverage over me then I'm comfortable.
Should I find a new manager?