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Updated almost 3 years ago,
Economical lease agreement and rent collection
I have a property that I purchased 2 weeks ago, and it is most economical for me right now to allow the current tenants to live there. What do you recommend as far as a lease agreement and rent collection ? A property manager would charge at least 10-12 percent of the rent, and I don't want to do this just yet for this property, due to it needing some work and legal actions to be completed before I spend thousands fixing it up to get more rent per month. Is there an app or something that provides a good lease agreement and offers direct deposit of payments to a checking account? Also, if so, what is the cost for these services?