Property management tax question

Small time landlord who also does property management for a couple friends. I am currently in the process of restructuring my business as an LLC which will hold my properties. In addition, the LLC will manage a couple of properties for others. Ignoring the properties I own for now, let’s say for example I managed 3 other properties each for $2000 and my fee for that was $200/month per property. Would my business’s income be $600 per month minus expenses? Or would it be $6000 a month minus expenses(including the $5400 I will pay the property owners?) Cash basis if that matters.