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Updated about 9 years ago on . Most recent reply
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Does anyone use online rent payment websites?
Has anyone had any issues using online rent payment websites? My wife and I are looking to start a Property Management company for both our rentals and others. I'm trying to figure out if is just easier to open up a local bank account and have tenants deposit in that account, or go with something like RentPayment.com, that allows tenants to pay via credit/debit card, ACH, or cash and they can use their phone, web, or drop cash in person. Thoughts?
Also, I have heard about automatically pulling rent from tenants. Not quite ACH, but tenants give you access to their checking account, and if they don't have the rent in the account, then you just charge their credit card. Anyone heard or use this method? If so, how do you set that up?
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Jordan, I appreciate the blog call out. I have seen that blog, which is why I am asking the question if anyone on here has experience with using those websites. Kind of a pros vs. cons of using one of those sites or just using your own business checking account.