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All Forum Posts by: Weikang Chen

Weikang Chen has started 5 posts and replied 11 times.

General Landlording & Rental Properties

Post: Rent Payment Methods

Weikang ChenPosted
  • Investor
  • Palisades Park, NJ
  • Posts 11
  • Votes 0

My tenant is paying me via Chase's Quickpay.  It's pretty convenient.  It's free but it takes a few days to clear if the fund is coming from outside of Chase.  I think it's ok because it's like a check except there's no need for a deposit step.   The only problem I have is it has a daily limit of $2k which is not high enough for the total rent.  I get 2 payments each month because of this.  

As much as I like this method, I am still open to other free options that has the same convenience with higher limit.  Anyone know any?

0 Votes