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Updated about 7 years ago,

User Stats

12
Posts
2
Votes
Tony Lopes
  • Investor
  • Mont Vernon, NH
2
Votes |
12
Posts

Best method for rent collection

Tony Lopes
  • Investor
  • Mont Vernon, NH
Posted

I'm curious what methods other landlords use to collect rent each month.

I like collecting rent in person each month because I get to see my tenants and make sure the property is in good order.  But as I grow with more units that is becoming impossible.  Plus the younger generation prefers other methods of payment.

I've used PayPal for security deposits but they charge my tenants a fee.....so it's not attractive for rent.

I'm not sure if Google Wallet charges a fee?

I'm not a fan of waiting for rent checks to arrive in my mail box....nor do I want to provide my mailing location.

Thought anyone?

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