Property Management - Paying Owners

[Greg Todrank]

I've run into an issue with how to pay a client for STR hosting/PM. I would like to do it electronically, but I'm butting up against monthly limits in Zelle.

During high season I will be distributing $10k+.

Anyone have direct experience they can share? I don’t want to send a check as much as she doesn’t want to receive one.

[Drew Sygit]

@Greg Todrank most banks now offer options to pay bills online:

1) Via ACH
- You need their bank account & routing numbers to one-time enter in your banks online system. Banks all state payments transferred within 24-48 hours, but reality is unless you both have same bank, it's 3-5 business days.

2) Via BillPay check
-You just need their name and mailing address. Funds withdrawn from your account, sent to 3rd party company that prints & mails a paper check. Takes 7-10 business days minimum.