Brian Pleshek
Acceptable Forms of Rent
I've been a landlord for most of 20 years. But I've been a small fry. The most my wife and I have owned was 5 SFHs at once. In the past, payments were accepted by personal check or cash. These properties were in B- ne...
Derek Scott
Third party service that collects rent in cash
I've seen some old posts on Paynearme and PayLease, but I can't find anything recent and definitive. I think Paynearme has stopped enrolling landlords. And I am not sure about PayLease. I filled out their web form ...
Michael Glaser
Collecting Rent Thru Personal Acct For My LLC
Situation: I have 4 properties under a commercial loan at a local bank in KC. I'm unable to have myself or anyone collect rent as I work abroad. I'm going to be instructing my tenants they'll need to deposit the rent ...
Luke Jackson
Switching Tenants to Online Payments
Hey Everyone,I'm currently having a hard time switching tenants over to online rent payments. Right now only about 10% of my tenants pay online. I've given everyone instruction sheets on how to pay online, but they ...
Aaron Reibe
Rental software that allows in person bank deposits
Hello fellow members,I am looking for rental software that allows online payment AND in-person bank deposits. Is this even available?I have 12 doors and have tenants that want to pay in person. Some are older, some ...
Hai Loc
Selling Multifamily with owing tenants
If you are selling a multi family property and say 5 tenants have a negative balance. Does this get washed at closing? I think it would be unfair to the buyer if the seller credits themselves the security deposit amou...
Bill Coleman
Need a service for tenants to pay rent electronically
I am looking for a reliable and inexpensive service that allows tenants to have rent automatically paid directly from their bank account monthly. Does anyone use a service like that? I've had Intuit recommended but it...
Petya Toncheva
Clear to close on Wednesday, bank funds won’t clear until Friday
Hi BiggerPockets family, so I am elated and frustrated at the same time. I finally found a two family home in Fairfield Connecticut, after a year long search. I am clear to close at the attorneys office on Wednesday, ...
Teri M.
Hud-1????? Double Close
Not Getting the Hud-1 thing! If I am double closing using flash funding in the 1st transaction then 2nd closing with investor that brings all cash, why is hud-1 involved in second closing? Doesnt hud-1 have to do with...
Brie Schmidt
Paying rent with Cash - Simplifying processes
Our tenants pay rent with cash. Some send money orders, some deposit cash in our account, but a majority used PayNearMe to pay at family dollar locations. Now the Family Dollar in our area will no longer accept PayN...