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Updated almost 8 years ago,

User Stats

162
Posts
53
Votes
Jeremy Paschedag
  • Rental Property Investor
  • Saint Louis, MO
53
Votes |
162
Posts

How to Collect Rent

Jeremy Paschedag
  • Rental Property Investor
  • Saint Louis, MO
Posted

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?

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