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Updated over 11 years ago,

User Stats

22
Posts
2
Votes
Chris Gilliam
  • Birmingham, AL
2
Votes |
22
Posts

Rent Collection Question

Chris Gilliam
  • Birmingham, AL
Posted

Hey All,
So we just bought our 2nd rental property. On my first one i drive by and collect the rent every month. However now that we are adding another one, and soon a 3rd. I don't want to make a habit of this for all my tenants. So, I have several ideas but wanted to see what everyone else does and thoughts.

Option 1: Start a new bank account and give that to the tenants to have the money deposited by the 5th of the month.

Option 2: Have them mail the check to me to be received by the 5th of the month.

What do you all do and what works well?

Thanks,
Chris

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