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Updated about 6 years ago on . Most recent reply

Jennifer Morse's profile image
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Jennifer Morse
  • Investor
  • from Fond Du Lac, Wisconsin
  • Member since Sep 21, 2016
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Jennifer Morse's profile image
Jennifer Morse's profile image
Jennifer Morse
  • Investor
  • from Fond Du Lac, Wisconsin
  • Member since Sep 21, 2016
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Jennifer Morse
  • Investor
  • Fond Du Lac, WI
2
Votes |
12
Posts
General Landlording & Rental Properties

Payment options for rent

Jennifer Morse
  • Investor
  • Fond Du Lac, WI
Posted

At my local REI meeting last night, a fellow landlord informed me all their tenants pay cash, and its illegal to not accept cash as a form of payment. Is this true?

If stated in the lease, how you want to be paid, can the tenants still pay cash?

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Ed Emmons's profile image
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Ed Emmons
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  • from Milford, ME
  • Member since Feb 29, 2016
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Ed Emmons
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  • from Milford, ME
  • Member since Feb 29, 2016
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Ed Emmons
  • Specialist
  • Milford, ME
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Ed Emmons
  • Specialist
  • Milford, ME
Replied

Most larger management companies don’t take cash as it is too easy to steal and track. It’s not illegal in any states that I’m aware of.

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