Distributing Rent Payments to Owners

[Josh Otero]

Hi, my name is Josh and I’m a property manager. I’m growing quite quickly and I have run into certain (good) problems. I started to receive money through Zelle, but hit a limit. Many tenants mail a check each month or pay through RentRedi.

However, the problem is the distribution. Upon receiving the monthly rent, I can’t just Zelle the property owners $10k plus because of the limit. Yes, I can write a bunch of checks but I want to know if there are any better ways to send payments online. 

[Sam Golden]

I use Buildium and it has the option to receive online payments from tenants and also has the function to pay owners online!  If you're growing you might want to invest in the pm software platform.  I chose the $49 per month plan and it works for me!