Quote from @Brandon Weis: How your T12 will look will come down to your accounting software and how it has it formatted.

What rent collection software do you recommend and why?

. ;)Preference is electronic transfer through my management software.

On the other hand, I also did have that in writing and made that aware to all of my clients, As well as the service providing softwares Stating the same policy.

My best advice is to use it only if you have property management software that supports the platform.

The software doesn't provide that level of granular detail that can mean the difference between 2k and 3k a month. 

I use a banking software called Baselane for my rental portfolio.

You cannot cherry pick a lender its not that easy you have to be more involved as a Banker or Loan officer.If you are not a lender my first thought was how welll versed are your point of contacts to assist a borrower unless its done through your software.

If you’re not already using similar software, I’d highly recommend exploring these options—they can save you a lot of headaches down the road.

We were surprised that Kiavi never thought to call the vendor of their software, or a database technician, to fix this.We provided the requested copy of our LLC articles of organization.