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Updated about 7 years ago,
Need some advice with my propert management
I am planning to close on a duplex deal very soon as an out of state investor. The property is currently leased out till May of 2018. The PM company that initially managed them, also belonged to the seller and they do not wish to continue managing once sold. Here are my questions.
Can I amend the payment clause in the contract and require that tenants pay rent using an online service?
Should the tenant be required to pay the CC fees if they choose not to do auto deductions?
How to best handle a tenant that does not trust banks or does not have a checking account to allow for auto deductions?
What online services are others using out there that only allow for full payment.
Should tenant be made aware of new property ownership/management changes?
Should letter include the changes and instructions to knew payment options combined?
We don't want check and definitely no cash since we or out of state. Looking to get some insight and lessons learned from others. Thanks guys