It's not worth the potential head ache not to.

You can even use it to collect rent, but I just have my tenants ACH deposit into my bank account.I also use Zillow to see what similar homes are renting for in my area.

I have set up a dwolla account for ACH payments at no cost.

I offer these types of tenants two solutions: 1) I will set up ACH debit for them (after they fill out a permission form) and Buildium will debit their checking account on the same day each month or I send them a paper with the paynearme barcodes and they can run to walmart or cvs or walgreens and pay at the store with paynearme.

Or you can give your tenants deposit slips and they can drop the payment off at the bank each month.Property Management software allows ACH payments directly into your account.

Ultimately it comes down to my goals, but my thoughts on the best way to achieve them seems to change daily.......Worse problems to have though, so I should probably stop my belly aching :P

Jackson is boom or bust and can be huge head aches in certain areas.

Now if you want to use Zillow, Zillow has it at $757K..... my view is it is likely $700K valuation TODAY.....no future appreciation needed.....So my $60K downpayment is now $180K to $257K, depends on which value you want to use.....Tenant is a single guy late 20s works for Google making $190K a year, ACH the rent on day 1 of each month, so no PM needed....Vacancy is likely 2 weeks per every 5 years in SF....So you can run the math from there.... if I prefer, I can offer tenant $20K to leave, and put the property on the market to sell for $700K TODAY.....But I am off track a bit here...

@Kelly Moreland Right within QuickBooks Online you can collect rent by ACH or CC. 

tenants can ACH for free or pay with credit card with a transaction fee.