Providing bank information to tenants

[Konrad R.]

One of my tenants prefers to drop off their rent and to pay cash. I'm an out of town investor. I spoke to a tenant that had a landlord just give bank account information to her. The tenant would just go to the landlord's bank and make a cash deposit. Do you see any issues doing it this way?

[James DeRoest]

If the tenant is ever in the process of being evicted, and they know your bank details, they can make a part payment just before the hearing, and that can kill the eviction stone dead. (This is dependent on the county and local laws).