Some areas do limit amounts of deposits, but I haven't heard of anywhere that limits prepaid rents.4.  

Did you get the tenants’ security deposit and pre-paid rent (if any) from the seller?

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.  

What about them loading prepaid cards and transferring money to you online?

He gives a debit card to each tenant so they can make deposits.

Should I only accept payments through the end of this year as opposed to the end of the lease (next april 30th).Thanks for you insight.Kyle Hi @Kyle Hipp , I think there can be problems sometimes with a tenant pre-paying the rent, as far as your ability to evict for other reasons, and so it makes sense to me to write something up with the language you wrote above saying accepting the pre-paid rent does not indicate that you have waived your rights to evict, etc.That said, if she's on SSI, she can't have assets totaling over $2,000. 

I already collected rent online, why cant I make the tenant pay the security deposit with a debit card.

Set up involves sender and recipient each giving their respective debit card number to Square cash.  

Free for the tenant, too, if they pay with bank account or debit card, I think. 

I will, as a convenience, debit differ accounts for different parts of rent but it's only a service we offer.