How do i collect rent from low income, less-internet savvy tenant

[Mohammed S.]

Fellow BP friends,

My property manager is struggling to collect rent on time from the tenants in a small (less than 20 units) MF units. The tenants are low income but hard working, blue collar workers who work late hours and typically give cash to the property manager who collects them on site. Hence - she often is unable to collect the rents because of the late hours that some of the workers get home.

Could you recommend a practice/tool that I can use to collect rent from those who are do not own checking accounts and are wary of doing online transactions? Please advise,

The online service www.paylease.com was suggested by quite a few members

Please advise,

Thank you

Mo

[Stewart Guthrie]

Stay away from cash, it's like painting a bullseye on your back. Your tenants in these working class neighborhoods would likely never do you harm, but it isn't hard for other people in the neighborhood to recognize its right around the first of the month and "Hey look, it's that landlord's car..."

A service we use, and I don't know if it makes sense for you because we are actually a property management company, is: 

http://paynearme.com/en/businesses/how-it-works/. 

The residents pay at 7-11 or Family Dollar with a code and it drops directly into your account. 

Hope that helps.