Why does everyone suggest against collecting rent in cash? I live in close proximity to a renter who pays in cash. Collection is no hassle. What are the other issues other than time?

Hi guys,I'm assuming many of you on here are familiar with Robert Kiyosaki and his Rich Dad, Poor Dad series of books; particularly the book of the same title and also Cashflow Quadrant. The general summary of the boo...

I have another tenant moving in this week. They haven't signed/paid yet.

Should I accept only cashier's/certified checks, cash, or money orders for 1st month rent and deposit?

With it being so close to move in, the...

Hello BP Family, I am quite conflicted right now and I was hoping to gain some perspective by sharing my story. Currently, I am a licensed Professional civil engineer in the State of Michigan and I currently work for ...

I imagine this one has been covered but searching the forums didn't help.

Looking for opinions on accepting rent payments in cash:

I'm probably being a bit paranoid, but it seems like an area that could manipulated ...

Hi BP,Currently setting up our online payment for collecting rent, but until then, this first month I will have to collect it by other means-  I know Cash is DEFINITELY a no-no, but is a money order ok for the first m...

Hello Experience RE Investors & ProffessionalThis is my first post, Im currently in escrow doing a cash deal. I have a few questions.I went to  sign escrow docs about 2 weeks before closing escrow, I was never mai...

I just found this out and it could have been really bad situation.So we collected a certified check for the rent and security deposit. After the tenants sign the lease (guarantor has not yet), paid the rent, they deci...

We have a gentleman that is coming from Finland to do some medical research for a year and bringing his wife and perhaps family. They are having their trustee send us our security deposit and signing lease upon arriv...