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Updated about 11 years ago,

User Stats

82
Posts
51
Votes
Thomas DeMoss
  • Rental Property Investor
  • Chattanooga, TN
51
Votes |
82
Posts

Rental Payment Procedure - tennant make bank deposit

Thomas DeMoss
  • Rental Property Investor
  • Chattanooga, TN
Posted

I need feedback on this method of payment for tenants. I have given them my business bank account number and instructed them to take all payments to the bank and deposit them either by check or cash. Then send me a text or email confirming the deposit. This give both I and the tenant confirmation of the time, amount and who deposited. I have 8 rentals with 100% compliance. This saves me from going the po box then to bank. Are there any reasons why I should not do this? Thanks for the help

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