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Updated over 7 years ago,
Property Mgmt. Do you pay repairs from escrow or operating acct?
I just opened a Property Management Division at my R.E. Brokerage and signed my first Owner. I currently manage a large portfolio of homes that I own, and that comes easy for me. Now that I am using my Brokers license, I see there is so much you professional managers are doing, my hat goes off to you, seriously. I have so many question, first one, after the rent check goes into the escrow account, do I pay the repairs/vendors from escrow/trust account or do I transfer that amount with my Broker commission into the operating account? Does anyone have a referral for me for P.M. consultation? Thanks=)