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Updated about 10 years ago on . Most recent reply

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26
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5
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Bill Womeldorf
  • Investor
  • Westfield, MA
5
Votes |
26
Posts

Having tenants pay using internet?

Bill Womeldorf
  • Investor
  • Westfield, MA
Posted

Hi everyone!

I am debating weather or not having making a tenant pay rent on a smart phone/ or computer that would require internet is ethical. 

I would think the vast majority of renters now use internet on the daily and will find this a helpful method. 

But, what happens when someone does not use the internet? 

Or does not even want to get it, do you then pay for it? 

Thanks everyone for reading!

Best, Bill :)

Most Popular Reply

User Stats

11
Posts
2
Votes
Blake Densmore
  • Real Estate Investor
  • Canton, GA
2
Votes |
11
Posts
Blake Densmore
  • Real Estate Investor
  • Canton, GA
Replied

I use an online rent collection site called rentpost. In my opinion, this site is awesome! It uses a banking method of automated clearing house (ACH). The tenant uses their checking account and routing number through the tenant portal. It is similar to what is used to make a mortgage payment through a bank web site. They can pay using their checking account through smart phone, ipad, computer, etc. You can apply a late fee schedule and if they are late the site automatically applies a late fee. I have used the service for approximately 2 years on 10 properties and I have probably collected $2,500 in just late fees during that time period that I would have never received if I was not using the service. It is also nice to know when a tenant has logged into their account and you can just use your smart phone to know if they have paid rent or not...I think it is a great site!

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