I got burned by a 3rd party "rent collection" company

[Hunter Fitch]

I used one of these online companies that run background checks and collect rent from tenants. I won't reveal which one - but suffice it to say there are many posts about this company on these forums. 

No matter how 'hard' it may be to collect a physical check from a tenant, I'll never use one of these online services again for one simple reason ACH transactions are VERY simple for a tenant to have their bank reverse - leaving you holding the bag. I realize its not the 3rd party's 'fault' but the function of the ACH transfer makes it too easy to get burned. 

Just my Two Cents for anyone out there thinking about using one.

[Christopher Morin]

Every one of my tenants and SF buyers transfer me money via ACH.  Did you end up with a lot of fees?  How long after the transfer was it "revoked"?  Seems pretty secure to me unless a tenant decides he doesn't want to pay his rent this month, which only saves his a few days.  A check could bounce in the same way.