And it's a new muscle for you to exercise, so expect it to be weak at start.

You really need to compare what ancillary services you use the most - eg online rent collection, ACH payments to vendors/rental owners, tenant screening, e-leases, etc.

ACH is freeTakes about 5-7 days for the funds to hit your bank accountExcelI use an excel spreadsheet to track my check register.

Last thing, the fund could be costly and you are aware of the syndication fee but also consider ACH payments, accounting fee's and travel to review assets (if you offer that type of service). 

Hi Chris,If you're concerned about the delay in payment you could have your tenants Venmo you their rent, or you can get ACH direct deposit instructions from your bank so you can have your tenant directly deposit their rent into your account and you can cut out the middle man.

You cant make this stuff up…In July, an applicant contacted me about renting an upscale home I own in NY. 720 credit and no evictions, he paid the realtor with a check and made the deposit and first months rent through the web portal (ACH).Second month paid on Sept 4, and by Sept 9th all ACH Payments had been reversed by another person on the checking account (I was not aware an ACH payment could be reversed).

In the last 10 years we have run a turn-key company and bought, renovated, leased and sold 500+ properties just int he charlotte area. the $25-50k price range only bring a lot of heart ache in my experience.  

Also, for those using RentRedi, do you absorb the $1 monthly ACH transaction fees or do you pass that on to the tenants? 

QB sent the invoices out automatically each month and then matched the payments but they started charging $10 per ACH and that started costing me $450+ per month.

You know the relevance, you know they are a necessary evil, but when you do them enough, muscle memory kicks in and it no longer requires active thinking to get you through the process and you can focus on the content rather than the routine of it.