Rent payments

[Lanny Necaise]

What method do you use to receive rent payments? Is there cost associated with these payment methods? I am looking for the easiest, cheapest way to receive payment for rental property out of state.

[Kaycee Miller]

ACH tenant rent payments are a super easy and convenient way to get paid each month. You can have your tenants set up recurring payments via ACH, the same way utility companies do online payments.  Setting up ACH transactions from tenants shouldn't cost the pm more than $15/month (just factor this into your rental amount), and then you have access to transaction records online for all payments - simplifies your accounting too.