Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago on . Most recent reply

User Stats

26
Posts
3
Votes
Paul S.
  • Suburbs, OH
3
Votes |
26
Posts

Automate Section 8 Rent Collection

Paul S.
  • Suburbs, OH
Posted

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?

Most Popular Reply

User Stats

259
Posts
129
Votes
Neil Goradia
  • Developer
  • Indianapolis, IN
129
Votes |
259
Posts
Neil Goradia
  • Developer
  • Indianapolis, IN
Replied

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.

Loading replies...