There are online platforms like Rentable.com that will handle opening the correct accounts / all compliance tasks related to managing deposits 

Letting Go for Your Bottom Line: A Lesson for Real Estate InvestorsHey BiggerPockets Community,If you’re a real estate investor, whether you own rental properties, flip houses, or manage syndications, there’s a critical lesson that could boost your bottom line: Letting Go.Many of us get into real estate because we want control over our financial future.

Most traditional property managers don’t handle this setup due to challenges like managing tenant disputes, coordinating overlapping move-ins/outs, and the risk of Fair Housing violations when selecting tenants.

Generally - the depreciation on the structure, mortgage interest, property taxes, repairs & maintenance, insurance, property manager, utilities, vehicle expenses (mileage), professional fees (reports/CPA), home office (office supplies, percentage of utilities, continuing education).

Vaughn is 40 years old, has a Bachelor of Arts in Marketing and Business Management from Temple University in Philadelphia, and resides in the City of Tampa, FL.Ms.

If they did, that’s really bad practice management.

There are certain brokerages that act more like true w2 employers, but for the most part you will be managing yourself.

Unit was rented by some one who was the manager for a about a year and then gave over managing to me.

I manage around 400 rentals with 14 years of experience and have never been sued once.

If you call about a property under management, schedule an appointment to see it.