Who is responsible for making sure that no payment deadlines are missed?

The management company is tasked with ensuring that all payment deadlines are met in the context of property management. Their role includes overseeing financial operations, which encompasses managing cash flow, ensuring timely payments for expenses like utilities and vendor services, and handling rent collections. The management company typically has established systems and processes in place to track payment schedules and due dates, which is critical for maintaining the financial health of the property.

While the property manager and asset manager may also have roles in relation to payments, the comprehensive responsibility for ensuring deadlines are not missed primarily lies with the management company, which operates on broader organizational levels and resources dedicated to these financial aspects. The property owner ultimately relies on the management company to uphold these financial responsibilities effectively.