You can pay after taking an application fee from the potential tenant, which is what I usually do, or you can have the tenant pay, but they don't get the $5 discount.If you're looking for a site to manage your rental properties online, including ACH payment of rent by deduction from the tenants' bank accounts, I use and would recommend rentecdirect.com  I'm using it to manage 20 properties, about half of which have tenants that pay by direct debit.  

I do not check their passports either…they get paid per finished project. kitchen, bathroom etc. so far the system works out well.Gutted bathroom :Install durock, tiles around bath and on the floor, toilet, medicine cabinet, vanity, connect plumbing and paint = $800 labor for finished bathroom.

Every type of medicine is practiced here.2 major airlines (United ans Southwest) with 2 international airports with HUB of operations hereEvery major pro sports team except hockeyNASAHewlett Packard computers based hereOIL AND GASAgriculture and farmingFrom these facts that I know to be true, shows me that Houston has some great diversification financially It is the 4 largest city in the US and the best ratio of income to housing price in the country.Because of oil and medical it is the largest ex-pat base of people that rent higher end homes compared to any other city in the US. 

Tub 105, sink 60, toilet 160, medicine cabinet 120, fixtures about 200 and tile not sure on but did this bathroom floor 5x5 , walls and a kitchen floor 20x 15 for 600.00, misc 200.00.

The charge for ACH payments is only 25 cents per payment. 

I myself am trying to do just that, so I plan to take my own medicine on this subject.  

Besides have "skin on the game" (not sure why I kept having imagery of an Egyptian mummy), at least 70-75 LTV ratio and deed of trust as collateral, having an monthly payout via ACH is another important factor when doing a PML deal.

I am doing this part time and don't want the head ache of a property that is on it's last leg.

@Paul Birkett  in my mind this is a very advanced strategy for those with lots of capital lots of experience and those guru's selling courses to those who have little to no real estate experince are really just setting many people up for heart ache.  

Whether it is because you appreciate your tenant signing another lease or not giving you a head ache.