Rent Collection Issues

[Joel NA]

I'm going to be managing some properties on top of my own beginning this summer. Some of the properties are 20-30 minutes away in lower income, non-subsidized housing. About half of the tenants like to pay in cash or money orders for various reasons. I've read up on Rentmatic, but what I really want is a physical location for tenants to drop off rent (this is what they are used to in some instances). Many of the tenants aren't computer savvy and will balk at Rentmatic-type automatic debits.

I'm stymied as to how to provide a location without a storefront or person on hand to accept money. Does anyone have any ideas about how I could have a system where tenants can drop rent off without me meeting them (my personal residence is not an option). PO box won't work, will it?

What about a bank? Could I set up accounts at banks in the small towns where the units are and have them be deposit only?

Any other creative solutions?

Thanks for any help!

[Account Closed]

every walmart has a bank inside as far as i know..here it's Wood Forest bank....and there's a walmart near jsut about every low income area where you'll have tenants..i have my tenants put the money right in the account as others have suggested...it's better than using a certain bank where they'll complain about having to go to the bank of america or wahtever bank...everyone goes to walmart so it keeps it convenient for them....i've also heard you can tenants can drop money in a UPS suite box (similar to a PO box), but i havent' tried it