Collecting Rent

[Steve Rozenberg]

Do you take rent electronically?

[Steve Rozenberg]

we have learned all tenants will, you just need to make it worth they while to do it.. Meaning we charge an administration fee to the tenant if they do not want to pay elefctronically.. We went from 20% online collection to 85% collection online after we enforced this rule and started charging our admin fee.

I think if you give them the option, people are generally lazy and don't like change. You have to make it a better / worse scenario for them