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 almost 12 years ago,

User Stats

6
Posts
0
Votes
Mya K.
  • Atlanta, GA
0
Votes |
6
Posts

Different Means of Collecting Rent

Mya K.
  • Atlanta, GA
Posted

I am a landlord who is trying to grow my rental portfolio. In the past, we sent each tenant a deposit ticket and had them go to a Bank of America branch to make their rent deposit. We did this because it was great for bookkeeping and it didn't cost us any fees. We have recently acquired 8 more rentals are now having second thoughts about sending our bank account information to all these people. While we only keep $25 in that account, and we transfer the money out immediately after it's deposited, does anyone have any other suggestions on ways to collect rent that have low fees associated? If there are fees associated, how do you pass that on to your tenants?

Loading replies...