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Updated over 9 years ago,

User Stats

59
Posts
21
Votes
Paul D.
  • Investor
  • Knoxville, TN
21
Votes |
59
Posts

Tenant Rent Deposits/Collecting Rent

Paul D.
  • Investor
  • Knoxville, TN
Posted

I am about to go from 4 to 8 rental units with my next deal and have been doing fine with having my tenants depositing cash at my bank and can tell which tenant has paid because each house has a different rent amount, however after acquiring 2 duplexes I won't know how to distinguish the cash deposits. Any ideas or solutions how tenants can deposit their rent and you know who it is from? Anyone only allow a check or money order to be mailed? I have a rule that I will not collect rent or go out to get it so the bank deposits have worked fine.

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