More property owners should understand that rentals are NOT a passive investment like mutual funds.Issues to Monitor (politely)1) Monthly P&L Report - if they don't consistently send it around same day each month, they are not organized and it doesn't bode well overall2) Monthly Owner Draws - should come about same day each month, hopefully via ACH, with statement showing how calculated3) Maintenance - question EVERYTHING! 

Because of the way I am at work (I pushed myself perhaps too hard), I'm going to talk to my doctor Monday and see if I can get some extra time off from work to let my leg (and the muscles) heal more from surgery.

You can use this to accept ACH and credit. 

Try for online -- ACH is best as it does not carry any fee.

The way i understand the ach payments are reported to credit bureau.

All of the materials mentioned above are GR8 and highly recommended as they can help us to avoid a lot of heart ache and pain of not having to go through what others have had to endure. 

I value education because it is more than just a piece of paper you get.It is the ambition the discipline, it is aiming high, and your mind is like any other muscle. you need to exercise it for it to grow bigger and stronger.Hell I am crushing it in my market BECAUSE I am a NASA caliber robotics scientist.I became a master at SEO because I see numbers.

Interesting, that is not at all how it is described on either one of the processor sites, its a monthly fee based service where they process the rent payment then do an ACH transfer to your account 3 days after the check has cleared.There is no joint account, you pay about $15.00 a month for the service, it really only benefits the tenant that wants to or needs to build credit.

As you mentioned, I put my existing renter on Apartments.com and the process seems to work ok.Another question - with how long the ACH takes, do you have them schedule to pay before the 1st of the month so it arrives then, or just wait the several business days?

It's not completely passive as you have some work to do in finding operators, learning about asset classes, etc - but once you make the investment you have nothing to do but monitor the ACH's into your account (Hopefully) and read reports.I have done both active and passive investing and had great results with both - you just need to decide which route you want to go and then commit to it.Good luck!