General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 5 years ago on . Most recent reply

collecting rent in person at a bank
For the first time I have a person who wants to deposit the rent directly into a bank account. He has no bank account and goes directly now to pay all bills in person/cash. Its an inherited tenant for a storage building that is just transiting to me collecting the rent. Everyone has the same rent for the units. I am now anticipating many more will want this option. Mainly as they likely do not have cards or accounts to use for on-line payments.
Problem I see is that if I give them the account number, how would I know WHO paid? My banks statements just show deposit and amount.
How do you guys do it?