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Updated almost 3 years ago,

User Stats

9
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7
Votes
Nick Furukawa
7
Votes |
9
Posts

Best way to collect rent with 1 property

Nick Furukawa
Posted

Hello, I am looking to purchase my first investment property by the end of the year. I am learning how to effectively landlord and do not want to rely on a property manager for my first property. I will be a little under an hour away from the city I am looking to buy the property in. I was wondering what would be the best way to collect rent. Should I pay around $20/month to have a website that tenants can pay rent and request maintenance through? Would this cost be a tax deduction? Should I have the tenants mail their rent every month? Do I need to set up a PO box and would I be likely to receive rent late often if it was through the mail? 

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