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Updated about 8 years ago,
Best way too collect rent ?
I recently started renting my previous primary residence. I had heard of several ways to collect rent the one that seen the easiest to me was, too have them deposit the rent directly into a savings account.
So I opened up a savings account just for this purpose and they deposit in there on or before the first of each month.
So I opened up a savings account just for this purpose and the deposit in there on or before the first of each month.
So far it is working fine they make a deposit and I move the money out of that account into another one. Does anyone have any ideas on what risks I have with this method ?
And does anybody have a better way to collect rent easily?