Best ways to collect rent from tenants

[Nick Pass]

I own a single family home that I built out a 850 sq ft. basement apt that I rent out for 3/4 of my mortgage, but I collect monthly rent via Venmo. Now, I just bought my first duplex and am wanting to structure how I collect rents so that it’s tax efficient, reliable, and time sensitive. Meaning, I want to ensure checks don’t bounce.

Question:

What has everyone found to be the best ways to collect rent from their tenants?