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Updated over 5 years ago,
- Rental Property Investor
- Evansville, IN
- 25
- Votes |
- 40
- Posts
First Time Landlord Questions. HELP!
I have just posted my first rental "for rent" on the market. First question. I am looking for a solid game plan to collect rent that allows my tenant a couple of options to pay. I DO NOT want to door knock monthly to collect. I have the property listed with cozy.co. If my tenant uses their checking account to pay on cozy it is free. But it takes 5 days to clear the bank. Do any of you guys use that? If so how do you like it? I have also considered giving them my banking account deposit slips for them to drop off at the bank monthly. My concern with that is they will have my checking account number. What do you guys do? This my first rental. I want to be professional and appear to know what I am doing.
Also, the lease. I don't have one. I am in Indiana if anyone wants to share the one they are using. Where should I get a lease or rental agreement from? I need one that I can customize. Thanks in advance.