1 month delay in get rental payment

[Jay Sheth]

Hi

are there any laws/ standard around when the property management company should pay the landlord the rent collected.

my property manger gives me rent deposited a month after tenant has paid. Reason said is they do accounting at end of month. I have properties in other states but I haven’t seen so much delay. this seems they are keeping money for their own interest. Not sure if I can do anything about it. I haven’t seen any other issues with property mangement other than this issue.

[Joe Martella]

What does your contract say?