For you or not for you: Electronic rent collection

[Justin Hennig]

I'm a landlord pondering electronic rent payment... I love automation in business and this seems to be a no-brainer but I understand many landlords have not adopted it. There are lots of options, so it's a little confusing with all of them...

Here are a few quick questions:

1) If you personally don't use electronic rent collection, why not (or why not yet?)

2) If you use electronic rent collection, which do you use and why?

3) What features do you like?

4) What would you change or add to the service you use (or would use if it had this feature) if you could?

Bonus question: What else would you (or do you already) automate in your landlording and/or real estate business if you could?

Thanks for any responses...very much appreciated!

Justin

[David Klick]

Originally posted by Shaun Reilly:

Originally posted by Tom Goans:

@Justin Hennig,
I am older and understand the younger generation is hooked on automation and technology, thus avoiding work - yes I said it.

Ding Ding Ding!!!!

I want to avoid doing work that are superfluous non value added tasks like going to the bank to make deposits, going to a rental to collect rent, or checking in with the residents if the payment isn't in on time.

Exactly. It has nothing to do with avoiding work.

That's like saying that driving a car is LAZY, and one should only ride horses and buggies as they did 100 years ago.

Technology is here, and there are PLENTY of ways to stay connected to your tenants, including birthday cards, Gift Cards for when they pay early each month, Xmas cards, etc.

Don't cut off the nose, to spite the face. Welcome to productivity and results in the 21st century.