Here’s the big difference however...When a Tenant uses a Credit Card to pay rent they are on the ‘hook’ for the payment (if you call paying as agreed a ‘hook’)... there is no getting around it… if they place ‘chargeback’ it can easily be held up in court at a later date to force them to comply and pay their debt to the LL... if they fail to make their payment to their CC company... they are sent to collections... in other words...

I could spend at least $500,000 in cash on a property myself, $1-20 million if I go into it with a family member who's interested in being a passive investor, and I'm fairly sophisticated in terms of general investing know-how (financial modeling, Buffett-style value investing, general MBA stuff, etc.).

However, in some states, there are still ways to collect from the owner, if they're engaging in this practice.

@Troy Winkler Hi Troy.In light of the daily situation of shelter in place orders and people in fear of contact from social distancing, we came up with a fast solution to showing vacant, or even occupied units to get them back into rent-collecting inventory.

Is anyone familiar with any laws they've passed either federally or in PA having to do with rent collections?

I also own 21 SFHs and am a little nervous about collecting rents for the next several months.

Put in a BluRay player and have a collection of adult movies.

A few years ago I received a collect call from the county jail, inquiring about a property I lad for Rent.

Your collected rents could easily be down 20%+ from what you might have pro-forma'd not one month ago.Guess we're going to find out which operators had enough safety built into their models here soon...

You don't want a beneficiary claiming that their uncle's million dollar horseshoe collection is missing and it's your fault that you failed to secure it.