Rent Payment Options

[Taylor Comer]

Hello again!

As a new landlord, I am trying to figure out the "best" option for my tenants to pay rent each month. I have looked around BP and read some articles and have a few ideas for a system I would actually use..

1. Tenant goes directly to the bank to pay (I saw this on the thread from www.biggerpockets.com/show37 with @Aaron Mazzrillo that said he sets up a separate account with no money other than for rent payments)

2. Tenant sets up and uses Chase Quick Pay to pay from anywhere

3. Set up a business account with Wells Fargo or Chase and give each tenant a "deposit only card" so they can pay at any branch location

4. Tenant mails payment to P.O. Box (although this isn't my first choice since in CA the tenants rent payment is considered "paid" when it is mailed, not when received) 

I may be missing a few, but my goal is to streamline this process and keep my time for myself!

Please chime in with any suggestions on the above or anything I have not mentioned.