Managing Your Property
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated about 1 year ago on . Most recent reply

Online Rent Payments
Hello!
Once in a while, tenants ask if they can pay online. I have always shied away from it. Because - what if I'm evicting them? I give them a 3day, they pay me a few bucks online, and the 3day is toast. Without an online option, I can always just decide
not to cash the check.
In fact, this happened recently. A tenant owed me some months of rent, I had them served with a 3day, and they mailed
me a small check. And it was postmarked after the 3 days...
I did not cash the small check; rather, I sent it back to them, explaining that I couldn't take it.
For an online service to be acceptable, it would have to support refusing payments that are under an easily-set threshold.
Or refusing them entirely - in an eviction situation.
Anything like that out there?
Once in a while, tenants ask if they can pay online. I have always shied away from it. Because - what if I'm evicting them? I give them a 3day, they pay me a few bucks online, and the 3day is toast. Without an online option, I can always just decide
not to cash the check.
In fact, this happened recently. A tenant owed me some months of rent, I had them served with a 3day, and they mailed
me a small check. And it was postmarked after the 3 days...
I did not cash the small check; rather, I sent it back to them, explaining that I couldn't take it.
For an online service to be acceptable, it would have to support refusing payments that are under an easily-set threshold.
Or refusing them entirely - in an eviction situation.
Anything like that out there?