Tenant Rent Payment Method: Rentec Direct vs. Paypal

[Kristie Eddy]

Hello!  I wanted to throw a question to BP about how people receive rent payments each month.  We own one single family home with 5 college tenants and we just offered on a 4-plex of 2 bedroom units. Time to systematize. Currently, we request payment from our 5 individual tenants via Venmo or PayPal. We have a property manager but have been accepting payment directly for ease of process.

Can anyone shed some light on their best payment acceptance method please?  Do tenants mind giving their banking information and having automatic withdrawals (like ACH processing through Rentec)? Should we stick with PayPal?  Would love some insight!