Automate Section 8 Rent Collection

[Paul S.]

Obviously this will vary from tenant to tenant, but generally speaking what is the most realistic and automated way to collect non-subsidized rent from Section 8 tenants?

[Neil Goradia]

There are quite a few companies out there that do it these days, and I really can't comment on those per say. 

What we always did was just use chase or pnc bank (since there are a million of them here in Indy) and had them deposit directly into our account and write their address on the deposit slip. They could even do pop-money or quickpay if they had an account. If you're worried about giving out your account number, just set up a second account and have any money deposited in the first one automatically transferred to the 2nd one. We never did that because your account number is already on your physical checks...so it's not really a secret. 

Worked great for us and you get notified on your phone whenever there is a deposit.