Property Management
In Kansas, what must a property manager do with owner funds collected from rental operations?
ADeposit them in the property manager's business operating account
BAccount for all funds separately, maintain accurate records, and remit to owners with regular accounting statements as specified in the management agreement✓ Correct
CInvest them in short-term treasury bills for the owner's benefit
DHold all funds until the end of each calendar year
Explanation
Property managers must maintain accurate accounting of all owner funds, provide regular accounting statements, and remit net proceeds to owners according to the management agreement. Funds must be kept separate from the manager's own funds.
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