I don't have to collect and the funds will be debited from her account right after she gets paid, saving her time in getting the money order and mailing it, too. 

The part they both have in common is that consumer debt (cars, boats, credit card debit carried over, student loans ect) are all not your friend in the long run. 

Allows tenants to pay with a debit card or credit card.

I understand that this is just the banking system in general and all my tenants would rather process ACH payments instead of paying the fee for using a debit card, but in NC there is a 5 day grace period.

Bought a cheap prepaid cell phone that we call our “real estate phone”.

It gets better, the guy that was sleeping in the unit, I found out later, had a sister that could duplicate checks and debit cards.

Don't invest in anything until you have these debits paid off and can prove yourself financially responsible.

I've decided to pay the electric bill and subtract the amount from the prepaid month, and notify the tenants that amount will be due for March's rent.

If the rental property ownership makes you a member of a home owner's association, then any HOA fees you paid or prepaid last year are also deductible.I agree with the others who say TurboTax can do it for you -- but only to a point.

Most employers only do direct deposit so even low income earners get paid on pre-paid debit cards if they don't have a bank account.