We do them at my office all the time for far larger amounts and we can see them electronically pretty quickly, certainly within 2-3 days.

The title company said all documents can be signed electronically because I'm a cash buyer.

It must be signed by the person accepting the security deposit, unless the tenant pays the security deposit by electronic funds transfer, then landlord may give an electronic receipt -Hold all security deposits in a federally insured account in an Illinois financial institution separate from the landlord’s other accounts -Tell the tenant in writing the name of the financial institution where the landlord will deposit the security deposit -Inform the tenant of the new account if the landlord transfers the security deposit into a new account -Return the security deposit within 30 days after the tenant moves out -Only keep money from the security deposit if the tenant owes rent or court fees, if the landlord has gone to court (but not attorney’s fees) or for reasonable costs that the landlord has paid for the repair of the unit (but not costs for “ordinary wear and tear”) -Provide a detailed explanation of the costs within 30 days if the landlord has kept money from the security deposit for repair -Be responsible to return the security deposit if the landlord sells the property until the first landlord gives the money to the second landlord and gives the tenant written notice; then the second landlord is responsible for the security depositREMEDY: If the landlord charges too much for security deposit, does not return the security deposit, or does not give the tenant proof of the expenses for any repairs deducted from the security deposit, the tenant may sue the landlord and shall receive damages equal to 2 times the security deposit plus attorney’s fees.

I will also check into the RentPayment.com option, as I would like to offer an electronic payment option at some point.

Highly suggest electronic payments, less headaches!

service is insufficient and potentially damaging to today's electronics and myriad of kitchen appliances.

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Note: The lease does not have any provisions indicating electronic notice is allowed.

I use cozy.co or some other free (to both me and the tenant) electronic method to collect rent.The idea is to keep this process free and easy for the tenant.