In the post-dated checks from tenants, who will be the payee?
It will be our company, PPE Inc.
There are recurring bills and expenses that are charged to the owner’s account, and part of our services is getting these bills paid. It is from the rental payments that we take the money to pay these bills. So, it is necessary for us to be the first recipient of the rent to conveniently carry out our other responsibilities to the owner.
These expenses will appear in the statement of accounts that we send to the owner every month. The net amount is what we deposit to their bank account.