I proposed years ago to my tenant to do an electronic funds transfer from his bank to mine. 

If it were me I’d pick up rent or have the tenant send electronically and until they missed a payment they would be on auto-pilot.

I prefer tenants use electronic payment, so a bank account is needed for that too.I get your point that some people do not have bank accounts, but that is more common on C or D properties with lower rent/income situations.

After that, you can collect the subsequent month's rent however your lease allows (personal check, electronic transfer, etc). 

I guess I plan to require a single check or electronic payment from the group, and I plan to have pretty strict late dates and fees. 

They are paying the security deposit by electronic transfer. 

Yes, it costs me some commission management fees, but for me... it's worth every penny, I simply look at accounting sheets, and electronically check bank account to see money has been deposited.I have a friend who owns a Property Management company in the Knoxville / Louisville / Maryville, TN area.

and debris falling on top of me and my $5,000 worth of electronics (my home office desk). 

The low membership fee includes electronic copies of all the forms you need for your state.

Cash, money order, electronic payment.