@kyt - Tenants should deposit money into YOUR account and hand over the deposit slips to the agent. After verifying the deposits, you transfer the commission to your agent's account. You should be the one paying the agent not him paying you. These guys are very sly. If he is the one dealing with the tenants 100% and they are paying the rent into his account, he can even increase the rent and not tell you! They can also come up with all sort of charges - late payment charge, service charge etc. - of which you will never see a dime! You have to manage the manager!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.