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Updated about 13 years ago, 09/28/2011

User Stats

19
Posts
0
Votes
Ling S.
  • Real Estate Investor
  • san francisco, CA
0
Votes |
19
Posts

Auto rent payment?

Ling S.
  • Real Estate Investor
  • san francisco, CA
Posted

I only hav two rentals now. One tenant has been sending me the rent checks to my mail box on time via his bank's auto payment (the bank will issues a check monthly). I would like the check deposit to my account directly rather me going to the ATM to deposit the check every month. My bank told me that my tenant could do auto pay by mailing the check to the branch I went, payable to me with my account number. The check tenant issued has left the their bank account, but not deposited to mine. Have you tried this method to collect your rent? Some people on the forum here mentioned: their tenants do direct deposit, how do you do that? Is there any other way I can automate the process. Now I am trying to rent the 2nd house out, there will be a new check each month to deposit. Advise on how to do auto rent payment please!!!!

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