Collecting payments automatically

[John McKee]

What is the best and cheapest way that I can collect payments automatically from tenants.  I'm looking for a service that allows me to have complete control so that tenant does NOT have to create an account, but just sends me their banking info and I plug it into the system and it creates an ach debit out of their account into mine every month.  Let me know.

[Nam Trang]

I'm using cozy now, since it's free. Previously I was using erentpayment.com and I can highly recommend them if you are at all concerned about your tenants pulling any shenanigans. They charge $3 per payment, but they have a lot more features like adding late fees, not allowing partial payments (which can be important during an eviction), and more. The money also hit my account a couple days sooner.