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Updated over 7 years ago on . Most recent reply

Troy Green's profile image
Troy Green's profile image
Troy Green
  • Investor
  • from Syracuse, New York
  • Member since Sep 19, 2017
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Troy Green's profile image
Troy Green's profile image
Troy Green
  • Investor
  • from Syracuse, New York
  • Member since Sep 19, 2017
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Troy Green
  • Investor
  • Syracuse, NY
1
Votes |
24
Posts
General Landlording & Rental Properties

Question: Efficient Ways To Deposit Lots Of Checks

Troy Green
  • Investor
  • Syracuse, NY
Posted

New to BP, so hello everyone! 

I have a problem at one of my buildings with 383 units. We collect so many rent checks that my leasing agent ends up spending half the month just depositing rent and crediting it to the appropriate account. Any ideas on a better way to deposit this many rent checks? 

Best,

Troy

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Matt W.'s profile image
Matt W.'s profile image
Matt W.
  • Rental Property Investor
  • from Los Angeles, CA
  • Member since Dec 26, 2016
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Matt W.'s profile image
Matt W.'s profile image
Matt W.
  • Rental Property Investor
  • from Los Angeles, CA
  • Member since Dec 26, 2016
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Matt W.
  • Rental Property Investor
  • Los Angeles, CA
34
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57
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Matt W.
  • Rental Property Investor
  • Los Angeles, CA
Replied

A desktop deposit machine can help. With that many units you might also want to look into Yardi/AppFolio/Buildium/etc. They have online payment options that can help cut down on the number of physical payments.

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