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Updated about 7 years ago,
Best method for rent collection
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?