All Forum Posts by: Robbie McKnight

@Nathan Gesner Thanks for your quick answers as this is extremely helpful. So overall, it sounds like you provide a detailed breakdown of income, expenses you've paid on my behalf, and your fee. I can then can take this information and input it into my software to produce a accurate PNL by filling out the management fee, and repair / maintenance columns. 

Hi Guys - I'm new to the rental property game and I have a few questions regarding the relationship between a landlord and property manager.

1. How does the billing and banking between landlord and property manager normally work? Do they just include all payments in one monthly invoice? This includes regular fee structure, repairs, tenant on boarding, etc.
2. Does the property manager deposit the rent in the landlords bank account or do they just pay it out of their own bank account at the end of each month?
3. A little off topic, but I'm also curious how everyone manages which online softwares are needed here as well. As a landlord, I would like the property management company to have a software on their end, but as I landlord, could i use something as simple as quickbooks?