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Updated about 4 years ago on . Most recent reply

User Stats

7
Posts
3
Votes
Dylan Elmachtoub
  • Rental Property Investor
  • Phoenix, AZ
3
Votes |
7
Posts

Venmo/Cashapp for rent payments

Dylan Elmachtoub
  • Rental Property Investor
  • Phoenix, AZ
Posted

Hello BiggerPockets !!

I am looking for and getting into my first real deal through leveraging my primary residence to buy a small multi family property. I am wondering about the payments when getting my first tenants. Should I set up a new Venmo or cashapp account specifically for my RE investments? Or is my personal account acceptable? Also considering going forward and having many properties in the coming years, is it a sustainable source to get payments through with many properties or should I use something like rentredi or Cozy to limit confusion with my records? Any other apps or suggestions would be greatly appreciated!

Thanks and I’m looking forward to some feedback!

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