Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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 on . Most recent reply

User Stats

64
Posts
17
Votes
Sharon Beatty
17
Votes |
64
Posts

How do you accept rent if self-managing apartment?

Sharon Beatty
Posted

This is a newbie question - what service do you use to accept rent money when you're managing the property yourself? We're using a property manager right now for the basement apartment we just created in our house. It seems  like an extra step for communications, especially when we just live upstairs. I just don't want to accept checks if I can help it - do people use Venmo or are there apps out there specifically for rent collection? 

Thanks!

Most Popular Reply

User Stats

299
Posts
476
Votes
Sharlene Mulchandani
  • Cincinnati, OH
476
Votes |
299
Posts
Sharlene Mulchandani
  • Cincinnati, OH
Replied

@Sharon Beatty I suggest collecting your rent via a free property management software. That way your tenant will be invoiced every month, with automatic payment reminders going out to them as well. Another advantage is that late fees are automatically enforced, so you don't have to be the bad guy and ask your tenant for these in person.

Loading replies...