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Updated over 7 years ago on . Most recent reply

Collecting rents from tenants
Hi all landlords,
What are the different no cost/low cost ways to collect rents from tenants ? Planning on kicking out my Prop Mgmt company and save some green !!
I read about PayPal but for some reason am not a fan of it !! Any other viable alternatives please ?
Thank you !
Most Popular Reply

We use Chase bank accounts. We 10 units spread over three properties. We setup separate checking accounts for each property. I gave the tenants the account number for the proper account and have them deposit into the account each month.
So far 7 tenants, have been using it flawlessly. The other three use either checks or cash. Which is fine because I like go to each property once a week, to show myself and keep an eye on everything.
JC