ACH or Direct Deposit payments typically take three banking days to process.

.$35 for app, $2 for ACH rent deposit.

I know there are a ton of features I don't utilize personally, I mostly use it just for tenant application and screening process, and then for rent and fee collection In my personal experience here's my pros and consPros•Had a template for screening questions on the application so I didn't have to think of things to ask myself•Handles rent collection easily and for only a $1 fee to my tenants for ACH transfer which makes it easy for both parties•I can set up all rent and fees at the beginning of a lease term so it's set it and forget it for me•My tenants have said setting up auto-pay was easy and I like to make it as easy as possible for them to pay me!

Per our attorneys, when we transfer SDs we require:1) Explicit written directions from owner on where to transfer, including name, mailing address and/or ACH payment info.2) Owner MUST sign a Hold Harmless Agreement, so we will be relieved of all legalities regarding SD after transfer.If an owner refuses to cooperate with our requirements, we will refund the SDs to tenants and send owner proof.Otherwise, we can send to owner of their new PMC.NOTE: we also are concerned about your new PMC allowing you to hold SDs!

We are trying to save you time , money and heart ache  . 

I previously used free services like Cozy (before merging with Apartments.com) and Rentler ( before merging with another company and charging fees for ACH payments) but now I use them as an all-in-one PM solution for the most part.

I prefer tenants pay using electronic ACH transfers through apartments.com and in those cases payment is considered made when they initiate the transfer even though I don't receive the money for days afterwards.

Another thing is a small detail like who pays the ACH fee can be a choice to go to you or tenant.

Section 8 will ACH monthly rent payments to the landlord's bank account. 

I currently self manage my properties using Buildium and I love it especially the resident portal and ability to accept ACH rent payments.