We don't have a physical office, and I'm not really interested in managing agents, so I don't recruit.

Then there is the influence of profitability that comes from they way an owner occupant will incur expenses from living in a property verses the way a renter will incur expenses living in a property (physical depreciation).Finally there is the expense of management.

I have a coworker who bought a house just north of Oakland, and they had to have the property physically raised onto stilts so that a foundation expert could replace the old brick foundation with one that is more seismically sound.

Yes, a tenant could physically damage something, but that doesn't sound like the case here.Most PM will not drive out to look at every problem.

Appraisals delivered in hard copy, physical trips to the property with potential investors, mailing PPMs, Operating Agreements and Subscription Agreements, placing ads for investors in the Wall Street Journal and local Business Journals, faxing due diligence documents, going into the bank for a cashier check or to wire funds, hour long phone conversations, face to face meetings, etc.Pdf appraisals, email attachments, Dropbox, website, online ads, all made my business more streamlined and efficient.

I've called several times an my next step is to physically go in person.

I'm grateful for my business partner for contributing not only to my professional success but my physical existence as he's my dad.

My basic format includes the following:Executive Summary (written last) with property info, deal points, and investment summaryProperty information - location, physical details, amenities, photosFinancial/investment information - competitive properties & their performance, comparable sales, operating projections, sources & uses of funds, cash flow projectionMarket and sub-market information - demographic information, demand drivers, existing & new supply, area amenitiesSponsor information - summary about your platform or investment strategy, short bios on the principals, existing portfolio, case studies / track record (if brief - may be delivered separately)

My question is, what is the best and most efficient way to collect rent without making the drive down there to physically pick it up?

Sorry for the longwinded back story: Do I need to offer her my physical address and can she insist on mailing rent, when she can deposit at any Wells Fargo?