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Updated about 10 years ago on . Most recent reply

Orlando C.'s profile image
Orlando C.'s profile image
Orlando C.
  • Multi-family Investor
  • from Bayamon, PR
  • Member since Mar 10, 2013
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Orlando C.'s profile image
Orlando C.'s profile image
Orlando C.
  • Multi-family Investor
  • from Bayamon, PR
  • Member since Mar 10, 2013
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Orlando C.
  • Multi-family Investor
  • Bayamon, PR
4
Votes |
16
Posts
General Landlording & Rental Properties

Collecting Rent

Orlando C.
  • Multi-family Investor
  • Bayamon, PR
Posted

Hello,

I'm just starting out and about to rent my firsts apartments, just bought a 4 unit currently under renovations. I'm just wondering, how do you guys collect your rent?

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Andrew Katzman's profile image
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Andrew Katzman
  • Residential Real Estate Agent
  • from Longwood, Florida
  • Member since Feb 27, 2013
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Andrew Katzman's profile image
Andrew Katzman's profile image
Andrew Katzman
  • Residential Real Estate Agent
  • from Longwood, Florida
  • Member since Feb 27, 2013
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Andrew Katzman
  • Residential Real Estate Agent
  • Longwood, FL
3
Votes |
30
Posts
Andrew Katzman
  • Residential Real Estate Agent
  • Longwood, FL
Replied

We use a software program called Appfolio. It allows our tenants to make their payments online via ACH transfer or tenants can mail us a money order.

We find that 70%+ pay online, which reduces errors and manual input of information and depositing of checks.

Andy

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