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Updated about 5 years ago on . Most recent reply

User Stats

19
Posts
6
Votes
Shawn Burns
  • Realtor
  • New London, CT
6
Votes |
19
Posts

Best way to collect rent?

Shawn Burns
  • Realtor
  • New London, CT
Posted

Hi, I purchased a 3 bedroom condo and have been living in it while having 2 roommates. I’m going to move out in a couple weeks and put another renter in my spot.

During this transition I want to revise the way I collect rent. Recently it’s been very easy to collect it in person since I live with them, but that is about to change.

What is everyone’s favorite way to collect rent that is convenient for both me and the tenant?

Also note that one tenant doesn’t have a checking account but is respectful and pays on time, so I want to make sure to accommodate his abilities.

Most Popular Reply

User Stats

53
Posts
18
Votes
Paul Honen
  • Chattanooga, TN
18
Votes |
53
Posts
Paul Honen
  • Chattanooga, TN
Replied

@Shawn Burns cozy.co or a pay app are my go to's so far. 

No checking account does make it that more difficult. Certified check by mail seems to be the way to go. Cash by mail might be fine, but that feels wrong to me. Not sure why.

Good Luck!

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