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Updated over 7 years ago on . Most recent reply
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- Rental Property Investor
- Palm Beach County, FL
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Putting systems in place
Hi everyone,
I just closed on my owner occupied duplex and have an accepted offer (signed P&S) on a fourplex property. I am planning on taking a vacation at the end of the year and while I am away, rent would be do. I am relocating to a different state so asking a friend/family member to take the checks and deposit them for me is not possible.
I'm wondering what other landlords are doing in this scenario? Do you tell your tenants to deposit the rent check into your account? I'm not a fan of this idea. I started looking into Cozy so that the tenants could send me the rent through a phone app but there are people living in this house that clearly won't know how to do that. Just wondering what other landlords are doing in this scenario. Any advice would be extremely helpful.
Thank you