When you hire a property management company it’s reasonable that you’d be concerned with when and how you are going to get your money. Fortunately, the entire process is typically pretty easy. First of all, the way you get your money and how often you receive revenue from your properties is typically going to be outlined in your property management contract.

You will also be receiving a statement from your property management company which outlines a few things. First, it will outline how much money you have received in rent this month. Second, it will outline your expenses. In the normal course of things, there won’t be much more in the way of expenses than the commission and fees you pay the company. Let’s say you collect $3000 in rent across several different properties. If you’re paying your company a 5% commission then they are taking $150 off the top. If one of those rental amounts was someone’s first month rent you might actually end up paying $150 in commission + $250 in the lease set up fee. The company will then disburse $2650 to you—not bad considering they had to do the work of managing the property. There might of course be other fees or expenses such as maintenance costs or the like; the way those will come out of your disbursement will be reflected in your contract.

The company might send you a check in the mail or they might deposit the money directly into your checking account through a direct deposit agreement. If you want the money direct deposited you’ll typically have to fill out an authorization form of some sort.

In short, it’s a pretty no-hassle way to make sure you get your money from your properties, all at once. You can compare this to waiting for six different rent checks to come in the mail, or with calling people on the 3rd to see why their rent is late. The money that’s been collected simply comes to you, and the property management company handles the details from there.