General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 7 years ago,
Electronic Rent Payment HELP!
Hi fellow BP Gurus!
Need advice for an immediate, FREE, quick & easy solution for electronic payments.
For the past 3 years I had been collecting all of my rents electronically -- First started out with Chase QuickPay and it eventually transitioned to ClearXchange without any problems. Best of all, it was 100% FREE for both landlord and tenant. However, recently the platform has transitioned yet again, this time to ZELLE. Several of my tenants reached out explaining that ZELLE is imposing a $500 weekly limit for non-member banks -- The problem is that most of my rents are ~$1500.
I own/manage 16 doors in the Chicago area, to say this is super frustrating would be an understatement.
Thanks in advance for your help and advice!