In the Managed App, you can customise your accounts for each property so your payments always go to the right place. You can also add optional payment methods if you like to use Credit Cards to pay for things.
Step 1
In your property profile, click Settings tab.
Step 2
Choose the bank account you would like your rent deposited into. This will only update this property as you might have different accounts per property.
When the tenant pays rent, it will be instantly (approx 5 seconds) deposited into this account.
Step 3
Choose how you pay for any expenses for this property. The default is to pay from rental income which is what you're probably used to. If you leave your preference as Pay Via Rent your agency will withhold just enough money from your rental income to pay any upcoming expenses and you will receive the balance.
If you are the type of investor that would prefer to receive more rent up front and also pay expenses on another payment method, you can set either a credit card or bank account here.
If you have a payment method set, all rental income will be sent to you and any expenses (council, strata, maintenance etc) will be charged to your credit card.
REMEMBER: These changes will not affect other properties in your portfolio. You will need to repeat the above process to customise any other Property Profiles.