John T.
Rent Payment via ACH transfer downside?
Hello BP!I currently have two rental properties and both tenants pay their rent via ACH transfer into my bank account. It's pretty much a bank account to bank account transfer.Are there any downsides to electronicall...
Joan Smith
ACH payment late fees Question
My tenant initiated an ACH with their bank two days late. (the screen shot shows they set it to withdraw from their account two days after the grace period). Is the payment considered ‘received‘ on the day they initi...
Steven Loveless
The forest and the trees: questions after erentpayment issues
Many of you probably know about (or worse have lost money with) the erentpayment.com SNAFU; I was lucky that I had payments processed right before this all happened. (Link for those that are interested: BP erentpaymen...
Jacob Beard
Cozy Processing time update?
There was previously a huge thread on cozy a while back and their transaction processing time. I'm about to start my 1st rental and was wondering if it has gotten any better than 5-7 business days. And if any one usin...
Account Closed
Owner's Liability for Pest Control - Frederick County, Maryland
After doing a little research on the topic, I found an interesting code provision in Frederick County, Maryland's Code of Ordinances regarding pest control. Apparently, pursuant to Section 1-6-45(d), an owner may be ...
Randall King
Electronic Rent Collection
Does anyone have any recommendations for how to collect monthly rent payments digitally into an established account? I've found most people have moved from sending checks via mail. Thanks!
Anthony Wick
PayPal is free, unless your tenant can’t follow instructions
I know there’s a ton of posts and questions about how people collect rents. I’ve been using PayPal for quite a while. It’s free to landlords and tenants, and I get my money within 24 hours (the first time rent payment...
Sean Salandy
Flipping using Owner Financing and How to Structure
How would I go about structuring a seller finance deal for a flip? I know the terms would depend on the sellers situation but I guess I’m looking for an example of what one would look like.
So for a house valued at ...
Emily Lauren boulden
Can experienced investors highlight the tenant friendly states
New investor here investing In Delaware. Curious about which states are tenant friendly vs landlord friendly. Or if anyone can highlight how to find this info on my own! Thanks
Andrew Kennedy
Challenge to Pay Closing Costs While Abroad
Hey BP fam,I am under contract for my first investment property (Woot!). For closing costs/down payment, the title company says I can pay using only: 1.) wire transfer, or 2.) personal/cashier check, if provided 2 wee...