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Updated almost 4 years ago, 01/12/2021
How to handle rental income from various properties?
We’ve been renting out my property in the Catskills for the past 6 months. I’ve subsequently purchased another property(hoping ready by March), but we will also be managing 2 other airbnb properties(we do not own them).
Regarding the management of the client properties, how best for some handle rental payments? Does the client receive the money directly and then pay the management fee. Or should I be setting up a bank account for each client property and then transfer them the rental income less our fee?
Thanks!