They can walk over with cash, mail a check, or do electronic transfer, and I just get deposit alerts from my banks I-phone app.What's great with working with the local bank is when it's time to purchase another rental place, minimal paperwork required since they already have the rental income history :)Congrats on the first investment property purchase!

When a guest of Tenant is given a set of keys to the property or when a guest starts taking paper or electronic materials into the bathroom to read while he/she is on the crapper, whichever occurs sooner, he/she becomes an occupant.

The electronic tax programs ask you all the questions, so that and some understanding could get you by while you are small.

Electronic Signatures2.

I get a check like clockwork from the bank or it is electronically moved from the tenants account to my account.

Rent is payable electronically or through direct deposit into our business bank account only.

No one has to be present to sign a lease if you do them electronically.

Congrats on getting close to the finish line, exciting for both you and your wife :) I've used Cozy which was recently bought by Apartments.com (their landlord software is free if you're just starting out and can also handle listing vacancies, collecting rents, etc.)One mistake I learnt the hard way: in NYS you *cannot* require your tenant to pay you electronically.

Every market is different, but in my market, tenants expect to pay those fees and the report is delivered electronically to us.

The property is in a college town and I think I can market it in a way that the online capabilities will work. 85% of the people who call my other facilities seem to already know what they want without seeing the units, so even being able to rent them over the phone with electronic signing or even getting it scheduled and having the local guy meetup with the client should work for the majority.