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Updated almost 4 years ago,
Venmo/Cashapp for rent payments
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!