I THOUGHT MY TENANT MOVED IN ON THE FIRST OF THE MONTH, WHY IS MY CHECK SHORT? -The most common reason is again expenses. Normally when we take over a new property and put in a tenant for the first time, there could be as many as three separate reasons why your check would appear to be short. First of all would be that we charge a Tenant Placement fee for getting you a tenant. Secondly, there could be a referral fee to an outside broker if indeed another office supplied us/you with a qualified tenant that was accepted. And finally, there is the Owner Reserve amount that is kept in your account for expenses that may occur between receiving rents. See Example.

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