What is the best site for online rent collections? 2020

[Ibrahim Yamini]

This question has been asked before, but the thread is over 3 years old.  As technology keeps changing, more improved options are becoming available.

BiggerPockets.com has provided a list of companies to use regarding this topic below.

https://www.biggerpockets.com/...

Out of all of those listed, which ones do you use or think is the best for a landlord starting out?

[Account Closed]

Any one of us can suggest a platform that works for us but that doesn't mean it will fit your needs. Each landlord, or real estate investor, has different goals.  The individual goal determines the needs, or tools, to reach the goal.  To answer your question, first you need to outline what your goals are and what tools you need or want, including looking forward at future growth, if applicable.  Do you need to record maintenance issues, vendor contacts, applicants, process credit & background checks, etc.  Do you need the app to work on mobile devices? Will the app grow with your profile? 

If you only need a way for your tenant to pay rent electronically, they could just send the funds electronically from their bank account into your bank account.  Otherwise, you will need to spend some time researching the different apps to see what each offer and whether or not they meet your needs.  Also, reading the product reviews will provide insights into the pros and cons of the app so you can make a more informed decision.