Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago, 06/09/2020

User Stats

35
Posts
8
Votes
Neerav Patel
  • Rental Property Investor
  • North Wales, PA
8
Votes |
35
Posts

How to accept deposit in midst of pandemic?

Neerav Patel
  • Rental Property Investor
  • North Wales, PA
Posted

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.

Loading replies...