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Updated about 5 years ago on . Most recent reply

User Stats

8
Posts
4
Votes
Tyler Eastman
  • Rental Property Investor
  • Huntington, WV
4
Votes |
8
Posts

Collecting rent long distance

Tyler Eastman
  • Rental Property Investor
  • Huntington, WV
Posted

I currently have one rental property and hoping to expand to others. 

I live in a smaller town where the market is not the greatest, therefore, I invested in a nearby town that is about 45 minutes away. If everything goes well with my first property, I am hoping to expand in that market. I currently manage my own property. 

My question is, what is the best and most efficient way to collect rent without making the drive down there to physically pick it up?

Any help would be greatly appreciated! Thanks!

Most Popular Reply

User Stats

238
Posts
200
Votes
Michael Craig
  • Rental Property Investor
  • Saratoga Springs, NY
200
Votes |
238
Posts
Michael Craig
  • Rental Property Investor
  • Saratoga Springs, NY
Replied

@Tyler Eastman

My tenants are 40 and younger and they each pay using Venmo. I have been using this for over 2 years and I haven't had a problem. 

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