Although they are physically close and similar in size, they are not comparable.Property condition is another factor.

I send and receive money via Zelle all the time.I have used both Zelle and Venmo for rent collection.It saves the tenant and you time - no need to take physical check to bank to deposit.Yes, I would,

I'm sure it doesn't need to be local, but I would like to go with someone local if possible, so I know they know the area, and will be available if I ever need to meet in person or deliver physical documents etc. 

@Jorge Sader we have both virtual and physical meetups.

I'm partial to physical systems despite growth and the need for more cloud based systems.

Personally I have no need to be physically near my properties.

Venmo is owned by PayPal so essentially the same thing.If a guest is using a credit card, they have all the protection they need really.Maybe look at one of the CC processors like Stripe or whatever than can just use the number with out the physical card.

Don’t be afraid to use technology, but even the 21st Century doesn’t have great, easy to use, and effective replacements for physically visiting and looking things over yourself.See the original at: https://www.biggerpockets.com/blog/rent-collection-method

Their clients are mostly folks who can't mentally fend for themselves, but are still physically capable of many things (they can bathe, feed and dress themselves; but can't shop, administer their meds or cook for themselves).

Now, I'm excited to connect with others here.My wife and I are in the process of getting pre-approved and talking with real estate agents to buy our first STR.We're looking in the lakes region of NH, as it's an area I know reasonably well, have rented in before, and can physically get to.