My property manager deposits rent into his account before paying me, is this normal?

[Kevin Lorick]

Hi,

I'm seeking advice. I'm relatively new to buying and owning Properties in the Philadelphia area. I recently hired a property manager to handle almost everything, like the rental license, lead inspection, and repairs. However, is it normal for the property manager to deposit the rent payments into his account before depositing them into my account? He's been deducting money from the rent for repairs and other costs. I don't want to accuse him of stealing, but it seems fishy? 

I'm looking for advice on this situation.

[Nathan Gesner]

This is completely normal. They collect the rent, deduct their fee and any other expenses they are allowed/required to pay on your behalf, then they distribute the remaining funds to you.

It's critical that you review the property management agreement and understand what you agreed to. It would also be wise to educate yourself on what a good PM does and doesn't do, how they do it, what they charge and why, etc.

My book, The DIY Landlord, will be out in December and can teach you how to select or supervise a property manager.