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Updated almost 8 years ago,
How to Collect Rent
I have 2 different companies that own properties. For my 9-5, I'll be on assignment out of town for 6-18 months. I'll be coming back home at least twice a month. My question is how is the best way to collect rent? I would prefer to not have a property manager if I can avoid it.
I've read about bad experiences with PayPal (investors getting stiffed). And Dwolla got hit with big fine for unfair practices.
What other options do I have?
My bank is not where I'll be assigned. Maybe open 2 more bank accounts at a bank where I'll be assigned and have tenants send checks to where I'll be? Then I can periodically transfer money to the original bank?