Tenant payment options

[Yvette M.]

How many options do you give your tenants for rent? Cash, check, mail?

Does anyone offer on-line payments only?

[Bryan O.]

I allow my tenants to pay electronic or with check but I push them heavily to electronic because checks go through the post office, then deposit, then clearing. I make it clear they had better send them very early because until the check clears they have not paid. For electronic payments I offer cozy.co and ACH payments with Intuit. Both give me notices when the payment is scheduled so I sleep better at night. So far all of my tenants are okay using e-payments. I have heard some landlords offer a $5/month discount for electronic payments as an incentive. Pretty good idea I think.