Billing Tenants for Rent or let them send it in on their own?

[Jordan B.]

Hello BP!

Can anyone explain to me their process of getting rent from their tenants? Do you mail a bill to each one of your tenants with the balance due for the next month's rent (including any late charges etc.) Or do you just simply tell your tenants to send in the rent by the 1st of the month and leave it at that?

Also is there anyone who uses bill paying software to allow their tenants to pay the rent online? If so, please let me know what software you use and how it has worked for you. (alsohow much is costs)

I am under contract for my first property and am trying to get my systems into place beforehand.  Thank you for any and all responses!

Jordan

[Ben Dols]

I use TenantCloud for all the same things and that has worked well for me. It also keeps track of all tenants applications, lease agreements, maintenance requests, etc