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Updated over 4 years ago on . Most recent reply
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How do you accept rent if self-managing apartment?
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!
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@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.