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Updated over 3 years ago,
Collecting rent In Cash With a
Hello ive been reading that ITS NOT a good idea to collect rent in cash But i have 4 rentals including my house and they are all literally right next to my house so its convenient so the tenants just give me a call or knock on my door to pay in Cash But i ALSO write out a receipt My only concern is if im trying to get a LOAN will this written receipt renters book be proof of income? if not ill have to change it to other collection methods ideas Because i would like to get a loan and have proof thanks,