NOTE - in NYS you cannot require your tenants to pay electronically.

Do you have to go to the front desk and get a key card or regular key, do you have to download an app to open your room, do they have electronic door codes that you are texted your door combination, ect...I would almost bet that there is some seasonality with this kind of property so go in expecting that.

For my mortgages I had to provide statements and I could either do it electronically where they had access or email them they didn’t care.  

There is definitely a value add component, such as vending machines, play are for kids and converting the coin machine to an electronic system as well as just some cosmetic updating to make the business more appealing.

Payments to vendors and contractors are all done electronically.

I use Cozy for electronic rent collection.

However, if it's going to be an STR or MTR, then we want electronic locks so that they can be remotely reprogrammed.On high-crime cities - there are multiple reasons to avoid them.

Currently, I’m stuck overseas and probably won’t get back til June, but that gives me plenty of time to formulate a plan and network via electronic means.

Try and steer people to using an online application and have a paper one handy for people that may not want to do one electronically.

In my case, it's mainly for getting a picture of any Social Security Cards before signing the lease electronically, so it's pretty infrequent.