All Forum Posts by: Eric G.

It is in their PayPal account pretty much instantly if you are doing a transfer from your bank account. There may be a better solution. Do you use he same contractor? Do you have someone local who can pay?

Options:

1) Make your contractors use the same bank. Take money out of your account at your branch and deposit it into their account at your local branch. Instant payment.

2) Find out which bank they use and find a local branch. Take cash to their bank and deposit it into their account. Instant Payment.

3) Have somo one local who can either front you the cash or can go to your bank. Have them open an account. When you have to pay someone, deposit into this person's account at your branch and they have instant access to pay your peeps.

4) Send a checkbook to someone local to your property and have them write checks on your behalf as needed.

Didn't think of #2 --t hat might be a good option. Thanks for the ideas.

0 Votes

Originally posted by @Dan Lukens:

@Eric G. some banks it takes up to 2 days but my credit union is next day

Cool. I will look into this. Thanks!

0 Votes

Originally posted by @Joe Moore:

I used Chase QUICK PAY. Other banks, BOA, Wells Fargo and many other banks all have their own version of paying to other bank customers at no fee. You should ask your bank about sending cash or payments to others.

Does the recipient also need a Chase account to send money this way?

0 Votes

Originally posted by @Dan Lukens:

I just have them register on Venmo, its fast and easy to track, they send you monthly statements.

Would Venmo deposit the money directly into their bank account? How long does the transfer typically take?

0 Votes

Originally posted by @Account Closed:

Western Union, Walmart money transfer and PayPal are all easy options for this.

When using Paypal, how long does it take for the money to arrive in their account?

0 Votes

Because I'm not local, I have been mailing checks to vendors & workers upon completion of jobs. However, many of them prefer to receive payment immediately upon completion and the mail takes a few days to arrive.

(I've used credit cards in the past but vendors typically don't want those fees...)

What are my options for paying them in a timely manner without incurring fees?

Thanks!

0 Votes

Thanks, Jonathan.

I figured getting it patched is probably the way to go. I will look into whether this is something the city can do for us.

Thanks

0 Votes

Anybody have any advice on what I should do about this driveway? Currently rehabbing to sell the house.... This part of the driveway (between sidewalk and street) seems to be a massive eye-sore. My assumption I need to take care of before listing.

What's the most cost-effective way to repair this?

Thanks

0 Votes

All Forum Posts by: Eric G.

Eric G. has started 2 posts and replied 8 times.

Post: Best way to pay a vendor from a distance?

Post: Best way to pay a vendor from a distance?

Post: Best way to pay a vendor from a distance?

Post: Best way to pay a vendor from a distance?

Post: Best way to pay a vendor from a distance?

Post: Best way to pay a vendor from a distance?

Post: What to do about this driveway?

Post: What to do about this driveway?