We have our own team of contractors we call when necessary.If a PMs sole job is to collect rent, then a pre-paid self addressed envelop is a whole lot cheaper than the almost $100 per house we currently pay.

Without that, the tenant can claim the old landlord was holding a deposit (and now you are responsible to return it) or that he prepaid rent for the next 5 years and it isn't his problem the old landlord didn't tell you.

I said I prefer electronic payment, but I will take cash, checks, money orders, cashier checks, credit card, debit card or they can deposit at my bank.

Should the tenant turn to be a problem tenant and you want to evict at some point, it will be much harder to convince a judge if rent is already prepaid.

Should I get a debit card for each bank account?  

i was able to get abreak down on everything that made it more clear.loan fees orgination fees, recording fees all that good stuff are  $8, 850 really $8,100 because the appraisal was added into that amount  the other $4,031 fees are pre paid fees that im responsible for like my 12 month insurance policy , pre paid interest, and property tax. that i will get  half back once my escrow check gets sent to me. so  my closing cost is really $8,850.

Cozy, Quicken, rentpost, appfolio etc.Buildium allows me to enforce rules without being the bad guy and lets me collect payments in the form of electronic check, debit card, credit card or good old fashion cash.

When collecting first month and security deposit, accept secured funds only - money order, cashier's check credit, debit that shows a paper trail.

The tenants either pay on line or with a cash pay card which they take to the local Wal Mart scan the card and can pay with cash or debit card.  

Maybe the tenant is trying to prove that she can pay a years' rent (yes, I'm being optimistic here, but not ignoring the potential pitfalls...)Say that you don't accept pre-paid rent for accounting and tax reasons, but you would be happy to see a "proof of funds" in the way of 2-3 months bank statements.