I recently bought my first investment property (single family) and am looking to find an automated method for my tenants to pay their rent and also for me to pay my mortgage. I've read that PayPal charges unless it's to friends and family so I guess that's out. As of right now I told my tenants to just deposit cash directly into my bank account each month but I would prefer if they could automate it or at least somehow pay me online just to make it easier on them. I've discussed automating my mortgage payment with my bank and they apparently have no options to do so. There's got to be some type of service out there that allows people to simply transfer money from their account to someone else's account, right? Anyone have any suggestions or experience with this?
Thanks in advance,
Jason
Also, hooray for my first BP post! :)
