If you don't want to be bothered collecting the quarters, they can be set up to take credit cards or debit a prepaid account that you can set up with the tenants.

They're showing $10,322.06 in fees ($2,571.86 in APR and $2,795.20 in no APR costs, and $5,205.00 in prepaid costs).Is this the best rate that he should expect?

Including prepaids, taxes, bank fees, lawyer fees.

I know for one of my brothers new credit cards (can't remember which one), they gave him actual "checks" that he could use which debited his credit card...and were interest free for a number of months.

Once re-rented, the previous tenant is no longer liable, and you would have to return any pre-paid rent.

I obviously believe in Legal Shield (aka Pre-paid Legal), so I signed up to be an associate for them too.

Foreclosure Double security depositDismissed Bankruptcy Double security depositMore than 50% negative credit Double security deposit50/50 positive-negative credit 1 and 1/2 security depositGood credit / good rental history Single security depositGood credit / no rental history Double security depositNo credit / no rental history Double security deposit3 or more roommates Double security depositBroken lease 12th month rent prepay If Applicant(s) are deficient in two of the 6 areas above, approval MAY be granted with a larger security deposit and/or prepaid rent or a lease guarantor (except for automatic denial criteria as specified above).

Fast forward a few years, and I have a checking account, a savings account, a commercial checking account, a commercial savings account, visa debit cards for all, I'm about to setup payroll through them, and so on and so forth.

You only pay the $14.95 on months where there's activity.I chose ClearNow because I get my funds on the 4th business day of the both, tenants debited on the 1st, and other sites takes longer, up to seven.

I am an investor with a system I've used in house for 15 years or so - mainly using email and the cloud for leasing and ACH debiting rent from my tenants.