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Podcast: Property Management Brainstorm
Episode: Five Minute Friday #21: Rent Collection and Owner Distribution
Description: If you enlist the help of a property management company to manage your rental, you may be curious how rent is collected from the tenant and then forwarded to your bank account.On this episode of Five Minute Friday, Bob walks us through North County Property Group’s best practices around the flow of funds in a rental property. He explains when rent is due and where it’s deposited, discussing how NCPG tracks incoming rent payments and why his team offers tenants a five-day grace period.Bob goes on to introduce us to the Tena...