I personally use an app that mimics the benefits of checks (but takes away the hassle of having to cash them in).

As Lynda above mentioned, Cozy is one, tenant can deposit in your account (but that's also a hassle for tenant), various FinTech Apps like Cash App, Paypal, Apple Pay Cash etc.

One possible solution is to switch to a system that automatically tacks on the late fee for you (so the tenant sees the entire balance of money owed and the piling up of late fees).I use an app called Tellus that lets me turn on or off late fees.

@Ernest Partin Sounds like you might be mixing apples and oranges.The 70% rule is for properties needing rehab. 

I track how many months has the tenant been late on rent (well the app I use for rent collection does it for me) and this way end of year I have a sense of if I should renew with this tenant or not.

Being that I don’t have a degree, and currently employed for Apple Inc. not making too much money how would someone like your self start raising capital?

If you use a device, do you use some sort of form/pdf oran app/software?

If you're on a bigger scale, why not use a third party rent collection app where tenants can easily send you the money

@Rachel Ortiz hello Rachel there are few rei groups in the area that meets once a month if you download the meetup app that can get you started in finding a group

Some services like Tellus app will list it for you on over 15 sites for free.