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Updated over 15 years ago on . Most recent reply

User Stats

369
Posts
81
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Ingrid Nagy
  • Property Manager
  • Passaic, NJ
81
Votes |
369
Posts

I'm not accepting cash anymore

Ingrid Nagy
  • Property Manager
  • Passaic, NJ
Posted

This is now 3 times I have accepted cash for either security deposit or rent and have gotten burned. I'm sticking to money orders!!! $300 in counterfeit bills - the bank took it - photocopied it so I could have a copy and told me to go back to the tenant. Well of court the tenant says "the bank gave me the bills when I cashed my paycheck so its not my fault".

Most Popular Reply

User Stats

956
Posts
214
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Josh Green
  • Financial Advisor
  • Tampa Area, FL
214
Votes |
956
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Josh Green
  • Financial Advisor
  • Tampa Area, FL
Replied

jon is correct, MOs can be easily forged as well.

i would get a pen. they work well. the bank that took the bills is required to send them to the secret service.

to be honest, it would be VERY, VERY difficult to prosecute. there is really not a way to prove (legally) who gave you the bills.

even mike seperating the bills would not protect him. billions of $$$ of currency exchange hands, there is no way to prove that those are the bills they gave u.

as is with a check, the person that deposits can be held responsible. even if being held 'responsible' means justnot getting credit for the funds.

if u really want to be safe, get a mobile blacklight currency detector. they work wonders!

the LAST thing i would do is not accept cash. u are far more likely to get a fake MO or rubber check than counterfeit cash. while u may have more recourse with the check/MO, there is more risk of not getting paid.

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