9/17/2020
Marc Menowitz on Behance
Handling Tenant and Owner Funds
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Marc Menowitz
Marc Menowitz CEO Apartment Corp http://marcmenowitz.co Los Angeles, CA, USA Edit Your Profile
Info of Work Moodboards Appreciations Insights One large task a property manager is handling funds.Drafts This involves making informed decisions about all aspects of the property, which goes past physical assets. Property managers are in charge of things like rental income, security deposits, reserve funds, and writing checks on the owner's behalf.
Payment Schedule The property manager is in charge of picking the date that tenants will be responsible for paying their rent. They are also in charge of determining if the tenant pays for the current month or if the property will hold the check for a month. The property manager may also be responsible for setting up a direct deposit if the property wants to offer that feature to their tenants. It is recommended that the rental revenue is in the bank account collecting interest rather than in the bank manager's account. Taxes and Accounting https://www.behance.net/gallery/104355255/Handling-Tenant-and-Owner-Funds
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