[quote=spdrun]Property manager should collect rent, handle repairs, and find tenants (if you have the stomach for renting to randoms). Stuff that could result in foreclosure like taxes, mortgage bills, and HOA bills should go directly to the owner.[/quote]
Well it just depends on the situation. But many people that own rental properties live out of state or even in a different country. Many property managers handle ALL payments for owners. However, I still recommend investment property owners to audit (or at least review) the financial statements each quarter.
