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About Property Manager Accounts
About Property Manager Accounts

REI Hub's Property Manager accounts streamline funds flow, making it easier to manage transactions between property managers and your bank.

Allie Paterson avatar
Written by Allie Paterson
Updated over a week ago

Many real estate investors utilize property managers or property management software that can receive funds and/or pay expenses on behalf of the property owner. While this can be a great help, it also carries the potential to complicate your bookkeeping and accounting. REI Hub offers Property Manager accounts to accurately reflect the flow of funds through these accounts in your portfolio.

Property manager accounts function as a clearing account between the tenant and your rental checking account. After creating a property manager account in REI Hub, you will see it available as a payment account and a deposit account. This means you can book revenues and expenses directly to the Property Manager's account and then subsequently book the distribution from the Property Manager to your bank account.

Handling transactions from your property manager or property management software in this fashion reflects what has happened in real life and makes accounting for net deposits, delayed payouts, and property managers who keep a running balance from month to month much easier.

Booking transactions to your property manager account instead of one of your bank accounts does not impact your tax liability. A property manager receiving rent on your behalf acts as your agent and is the same thing as you directly receiving that rent in the eyes of the IRS.

Property manager accounts are optional in REI Hub, even if you have a property manager or property management software.


Still have questions? Reach out to our Support Team via email at [email protected] or call us at (888)939-6865.


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