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Updated about 8 years ago, 09/15/2016
Electronic Rent Collection
Hello BiggerPockets family.
We are working with a landlord, managing one of her tenants as a way to gain experience for when we finish renovating our property. I remember in Brandon Turner's book, he said one way to get experience is to work with a landlord . So I was wondering if anyone had any really good apps or ways of collecting rent electronically. Right now the landlord goes to each tenant collects in person and I surely don't want to do that. Gas and time is too precious to waste.
Any helpful tips would be much appreciated.
Oh yeah, So the property is in Baltimore City, Maryland, in the Bel Air/Edison area. It's a Cmarket with C -type tenants. In addition, she is renting out rooms in the property and most of the tenants are more on the low income side. We are hoping to get late payers paying on time and for people who haven't been paying, to get them out.
Any help or thoughts? Thanks in advance. Let me know if you need more info.