Jon K.
Should I accept only certified checks for First Month Rent?
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...
Zack Van Duyne
Rent Collection with Avail
We currently use Avail for rent collection. Normally the tenant will initiate their payment, it will take 3 or so days for the payment to withdraw and another 3 or so to deposit into our account. We’ve had some issues...
Kay March
Credit union account shows deposit of rent check was reversed. How can this happen?
My credit union account shows the following entry:: "Withdrawal RT # NOT DEFINED [TENANT'S NAME HERE] 6060, -$1950.00." indicating that the deposit of the tenant's rent check #6060 in the amount of $1950.00 was revers...
Taylor McClung
Late fee
HI BP,I was thinking through a hypothetical late fee situation and wanted to get your input. Our lease agreement says that we charge a late fee if rent is past due. A tenant paid past that date and our late fee is app...
Scott Bond
NSF check and late replacement= NSF fee AND Late fee?
When a check bounces and the replacement check doesn't arrive before the deadline, do you guys charge an NSF fee AND a late fee? Assuming the process of bouncing the check takes a few days, I can't imagine that there ...
Jimmy S.
Tenant wrote me a bad check, who pays fees?
Hello,
Received rent by check and 3 days later check bounced. In my lease it says a $40 late fee for paying late but who should eat the fees for depositing a bad check from tenant? Can I charge them for t...
Cal C.
Careful taking checks!
This is my first biggerpockets post but I've been here for more than three years however I have never actually joined. I figured since I've learned so much I should start posting a few of the lessons I've learne...
Peter Brinton
direct marketing for good-condition properties - good idea?
I'm a newer investor and am considering using direct mail marketing for lead generation. I'm trying to decide if this makes sense given the types of properties I'm looking for. I would appreciate any insights you mi...
Ty Wesley
Paying My Rent With A Check
An older friend of mine recently told me that me paying my rent every month with a personal check instead of a money order will have a positive effect on my credit. Anyone ever heard of this??
Keandre Livingston
Looking to Connect with Accountant
Hello, I’m new to real estate investing. But know that now would be a great time to begin looking at ways to turn the looming market recession into a positive for myself so I’m looking to connect and bounce ideas and ...