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Updated over 9 years ago on . Most recent reply

Tawny Bloom's profile image
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Tawny Bloom
  • Investor
  • from Burlington, Vermont
  • Member since Aug 18, 2014
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Tawny Bloom's profile image
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Tawny Bloom
  • Investor
  • from Burlington, Vermont
  • Member since Aug 18, 2014
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Tawny Bloom
  • Investor
  • Burlington, VT
6
Votes |
28
Posts
General Landlording & Rental Properties

Direct Debit from tenants?

Tawny Bloom
  • Investor
  • Burlington, VT
Posted

We just looked at a property yesterday and the current tenants pay their rent via direct debit.  Does anyone have their tenants bank accounts automatically drafted?  And if so, how do you set this up?  What are the benefits and drawbacks to this type of arrangement?

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Shawn Thom's profile image
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Shawn Thom
  • Investor
  • from McKinney, Texas
  • Member since May 22, 2012
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Shawn Thom's profile image
Shawn Thom's profile image
Shawn Thom
  • Investor
  • from McKinney, Texas
  • Member since May 22, 2012
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Shawn Thom
  • Investor
  • McKinney, TX
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Shawn Thom
  • Investor
  • McKinney, TX
Replied

I have erentpayments.com. It cost $3. I can think of no drawbacks. Their service is pretty awesome.

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