You are dealing with a whole new generation that depends on electronic gizmos to get through the day.

Perhaps offer to knock a few dollars off their rent if they set up electronic funds transfer or something every month to guarantee you get paid.Late fees: unfortunate they don't pay, but understandable if they are truly in a bind.

@William RickettIn addition to the self-directed IRA you may want to consider exploring solo 401(k).Following are the similarities and differences between the solo 401k and the self-directed IRA.The Self-Directed IRA and Solo 401k Similarities Both were created by congress for individuals to save for retirement;Both may be invested in alternative investments such as real estate, precious metals tax liens, promissory notes, private company shares, and stocks and mutual funds, to name a few;Both allow for Roth contributions;Both are subject to prohibited transaction rules;Both are subject to federal taxes at time of distribution;Both allow for checkbook control for placing alternative investments;Both may be invested in annuities;Both are protected from creditors;Both allow for nondeductible contributions;Both are prohibited from investing in assets listed under I.R.C. 408(m); andThe Self-Directed IRA and Solo 401k DifferencesIn order to open a solo 401k, self-employment, whether on a part-time or full-time basis, is required;To open a self-directed IRA, self-employment income is not required;In order to gain IRA checkbook control over the self-directed IRA funds, a limited liability company (IRA LLC)  must be utilized;The solo 401k allows for checkbook control from the onset;The solo 401k allows for personal loan known as a solo 401k loan;It is prohibited to borrow from your IRA;The Solo 401k may be invested in life insurance;The self-directed IRA may not be invested in life insurance;The solo 401k allow for high contribution amounts (for 2016; the solo 401k contribution limit is $53,000, whereas the self-directed IRA contribution limit is $5,500);The solo 401k business owner can serve as trustee of the solo 401k;The self-directed IRA participant/owner may not serve as trustee or custodian of her IRA; instead, a trust company or bank institution is required;When distributions commence from the solo 401k a mandatory 20% of federal taxes must be withheld from each distribution and submitted electronically to the IRS by the 15th of the month following the date of each distribution;Rollovers and/or transfers from IRAs or qualified plans (e.g., former employer 401k) to a solo 401k are not reported on Form 5498, but rather on Form 5500-EZ, but only if the air market value of the solo 401k exceeds $250K as of the end of the plan year (generally 12/31);When funds are rolled over or transferred from an IRA or 401k to a self-directed IRA, the amount deposited into the self-directed IRA is reported on Form 5498 by the receiving self-directed IRA custodian by May of the year following the rollover/transfer.Rollovers (provided the 60 day rollover window is satisfied) from an IRA to a Solo 401k or self-directed IRA are reported on lines 15a and 15b of Form 1040;Pre-tax IRA contributions on reported on line 32 of Form 1040;Pre-tax solo 401k contributions are reported on line 28 of Form 1040;Roth solo 401k funds are subject to RMDs;A Roth 401k may be transferred to a Roth IRA (Note that from a planning perspective, it may be advantageous to transfer Roth Solo 401k funds to a Roth IRA before turning age 70 ½ in order to escape the Roth RMD requirement applicable to Roth 401k contributions including Roth Solo 401k contributions and earnings.)

Then the 401K plan I have the forms cannot be sent electronically, must be mailed out, took 8 days to receive. 

Certified checks these days are getting ridiculous in price (over 10 bucks at my bank).So, I guess now that most everyone is going to electronic payment, can I set up electronic payment free of cost through Bank of America checking? 

That's a simple request...Florida does tax liens and tax deeds electronically...

On the other hand, I have had to go through a handful of agents for various reasons (wouldn't use docusign/electronic offers, wouldn't send in offers too far low below list *even on occasion*, always too busy with others, etc.)But eventually, I discovered exactly what I needed and wanted.

No one at either bank is going to care, and neither will the IRS.The only thing semi-unusual that will happen is that the maker's signature will absolutely be verified (banks have different levels for where they do this, but I'll wager none is higher than $25,000), but outside of that, this is a run-of-the-mill deposit.If you get a wire, the funds will be available immediately, but the bank will sting you for $30 for the privilege of processing an electronic transaction that cost them about three cents to administer.If you get a check, there will likely be a considerable hold until the funds have absolutely cleared, unless your account routinely has checks in these amounts going in an out and the bank is comfortable giving you credit sooner.If you get a wire, I would ask for a short letter from the sender that says this is a loan repayment.

It is almost a copy of the pdf that is uploaded to Homeaway that guests electronically agree to when they book online.

A more productive way I have found through trial and error with the 2 other businesses I run, is via newspaper ads (electronic or paper), and facebook ads.