Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 3 years ago on . Most recent reply

User Stats

27
Posts
10
Votes
Pal Sa
10
Votes |
27
Posts

Payment options: first payment and rental payment

Pal Sa
Posted

I would like to avoid meeting my tenants in person to accept payments and me going to the bank often. I am hitting some issues while trying to meet my needs. I am considering Zelle and checks as forms of payment.

Move-in costs/first payment - deposit + one full month rent. Cashier's check and accepting in person seems to be the only option.  It exceeds Zelle's daily limits.

Zelle has daily and monthly limits.  How do people overcome this? I have seen a lot of people recommending Zelle as a great option.

I have not explored the write transfer to my account option.

Most Popular Reply

User Stats

33
Posts
21
Votes
Replied
Quote from @Pal Sa:

I would like to avoid meeting my tenants in person to accept payments and me going to the bank often. I am hitting some issues while trying to meet my needs. I am considering Zelle and checks as forms of payment.

Move-in costs/first payment - deposit + one full month rent. Cashier's check and accepting in person seems to be the only option.  It exceeds Zelle's daily limits.

Zelle has daily and monthly limits.  How do people overcome this? I have seen a lot of people recommending Zelle as a great option.

I have not explored the write transfer to my account option.


https://www.avail.co/i/HAn0
 costs 5$ per unit to use. You can create leases, accept payments, tenants can make maintenance requests, and a while lots more. Nice software to manage rentals. Very easy to start.

Loading replies...