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Updated almost 3 years ago,
Self Managing Rent Collection
I finally have my first investment property under contract, a duplex with two long-term tenants already in place in Davenport, Iowa. I plan on managing the property myself.
What method(s) are best for collecting rent from the tenants? I have researched that personal checks, venmo, and cash are not ideal. Should I utilize a direct deposit system though a checking account at a local bank?