All Forum Posts by: Mark Forest

Ok, I went to the Zelle sight.  It says I will have to enroll my cell phone number and a debit card.  I have no problem with the cell number, but i don't have a debit card through my credit union.  Do I have to get that first so I can use their app?  Thanks for more help with this issue.  

How does the name on the deposit appear on Zelle?  Does it say the tenant name?

Thanks for all the input guys.  You all always come through.  I am wondering how Zelle makes money on this service.  Is it free for now, but in a year they make an announcement that there will be $x charge per transaction. 

A tenant has suggested we use the services ZELLE or Venmo to collect rents.  Currently we use snail mail to our P.O. box to collect rent checks.  Is anyone familiar with these services, and can you tell me how they work?  If these two services are not recommended what do you prefer?  I don't want to pay a fee, and I don't want my tenant to know my account numbers.  Thank you for all help offered.  

@Brian Schmelzlen Can you please direct me to where I can get more information on that?  I have never heard of it.

Is the $3600 I just spent to fix a broken sewer pipe a repair to expense all this year or a capital outlay to be depreciated?  This cost includes snaking, excavating pipe, and repairs to pipe. I would think it's an expense since the useful life of house is not extended.

I have already leased them a gift of good quality housing at an affordable price. 

In my situation the main sewer line has a hole so the bathroom can't be used. I am just trying to get opinions on if what I am doing is reasonable.

@marcia Maynard I had exact sewer situation as you. I am not charging rent so that is worth $28 and plus I am kicking in $40 a day since you can't get a motel for $28. So does $68 a day seem fair?

So what dollar amount do any of you recommend? As I said above I will not be charging her the $28 a day for rent plus $40. I think that is fair. Yes?