Funds come in direct deposit in to bank account A X Percent stays in A Y Percent goes to B Z Percent goes to C B and C have the option of being Checking or Savings. Is there a bank or an app that can make this happen?...
Hello,
What is the best way to collect rent from a tenant? What online platforms work best? or direct deposit?
Thanks!
Hey, everybody. I'm looking to set up a new bank account to separate rental emergency funds from personal funds. I was hoping to take advantage of a bank promo (eg. earn $300 when you direct deposit $500+ in each of t...
Hi BP Community! If a Landlord is not considered a business yet (properties are not in LLC), what I was told by our bank is that our tenants cannot set up direct deposit with us. So we were offered Zelle, Venmo or Pay...
Does anyone have their tenants pay rent using a pre filled out deposit slip at the the bank? Exposing the account number is the number one red flag. In this regard, thelocal branch manager suggested setting up a separ...
I asked my tenant to pay the rent by direct deposit thinking that would be something similar to salary direct deposit but the renter told me that his bank needs to deposit a small amount to my bank and then withdraw i...
My question is whether it is a good idea to give my Tenants my Business Banking Information (Name, Account # & Routing #) so that they can make Direct Deposits and Online Payments directly into my Bank Account. I ...
Drawing up a new lease for an existing tenant. They want to setup an automatic payment directly through there chase account. The standard lease simply asks for Place of Payment with name and address. Should I give the...
Hello BP friends,
I wanted your opinion on this situation. I have a tenant in one of my properties. She moved in on Sept 16th of this year so she has only been a tenant for roughly 2 months. She has been a great tena...
I am a (licensed) property manager with a small Property Management company in CO and we manage approximately 100 units (primarily SFH). For some reason, our bank (1stBank) will not allow ACHs out to our owners (I thi...