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Updated over 4 years ago, 06/09/2020
How to accept deposit in midst of pandemic?
As Mr Brandon Turner mentioned in his book on "Managing Rental Property", we always require our tenants to pay deposit and first month's rent before or during lease signing via confirmed payment such as demand draft or cashiers check.
Due to pandemic and to comply with our social distancing guidelines, we are planning to do e-sign this time and not meet if possible. We would like to stay away from paypal, venmo etc since that creates problem during unfortunate events of eviction process and tenants can basically do small payment and delay whole process.
We always turned to wise community of Biggerpockets in times of confusion and this is one of those types. If someone can recommend different way that they try to collect deposit, we will greatly appreciate that.
Thank you all for your time.