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Updated over 4 years ago on . Most recent reply

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376
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Blaine Alger
  • Investor
  • Waco TX / Conroe, TX
228
Votes |
376
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Online rent payment not available, how do you collect rent?

Blaine Alger
  • Investor
  • Waco TX / Conroe, TX
Posted

Hello BiggerPockets!

I am looking at a deal right now where there is a long-term tenant in place who is an older lady. I am assuming ( although I could be wrong) she does not have the technological abilities to be able to pay rent online through a property management software.

What is the most effective/hands-off method for collecting rent when online payment is not an option? 

Most Popular Reply

User Stats

130
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237
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Luke Marsh
  • Property Manager
  • Cincinnati, OH
237
Votes |
130
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Luke Marsh
  • Property Manager
  • Cincinnati, OH
Replied

Hi @Blaine Alger there are definitely some PM software options out there that are much simpler to use than others. They can essentially setup auto-pay similar to their other bills. We use Innago for our property, and the tenant loves it, they are also less tech savy than the average person. I would look into some of the more user friendly PM options. Despite the risks you can always collect rent via check or cash if she is 100% against paying online too. 

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