Has anyone tried this? What's been your experience?

I answer your question, no. Sometimes we will use paypal

Haven't tried that.

How about this novel idea? Pre printed envelopes with your Co name on the front? 3 lines top left corner for return address and on top right (small print) needs correct postage. You can even bar code it for your mail box.

Cost is 50.00 for 3K. We include 13 envelopes in the Lease package along with directions to the nearest post office.(Our post office)

To us sometimes easy peasey-- well it's not! Gets complicated as indicated here on these posts because we as LL's are making it complicated.

I use Zelle and it works great so far. About half are doing it, maybe more these days. The rest carry the rent to my bank and deposit directly.

Myob, I ask because it seems like millennials don't use checks or snail mail anymore. They always pay online and never even carry cash. I'm not a dinosaur so I think I can keep up with the "high tech".

bet MA, I can see why people use it and other servicers. I use the Ol "Walton" method for my business. Not sure if you ever read his book. what impressed me was each and every day he and his secretary would check the books-- his books.

My father, when he owned his bakery, instilled this in my brain. He made the same dough and mixtures every single day. His receipt books were in German--- in the 10 years of watching him bake--- I saw him make one mistake on a receipt-- he put in salt instead of sugar. HE NEVER mixed by memory-- always with the receipt book opened.

Most of mine pay through Clearnow, where we take it on the appointed day.

A few pay via Zelle.

Two pay by ACH push into my account, one of them a travel nurse housing company

The only check I should receive for July is from another travel nurse housing company.

I'm with myob on this. I like using the mail because I don't trust the other. Isn't there a charge for doing the other?

That being said my millennial tenants I now have wan't to do ACH so I will probably try that but would rather not. Who knows I may like it.

Trust the mail!?!?? This is a joke, right?

True story:. Commercial account sends a check for March rent last year. I call, where is your rent. It's in the mail ... Week goes by,nothing. Call again. They do a stop payment and ach it. ACH from then on. Come Christmas time, I get a bag from the postal service "sorry".... Enclosed is half a check and half of an envelope. Yep, that was March rent check six months later.

6X6 - yours won't do ACH?

Mine EXPECT it!

Yes. I take venmo, Apple pay, and Zelle. Love all three.

I don't take checks or certified checks or cash.

Just a reminder: all our tenants agree to ACH for some or all of the following:

cable or satellite

internet

VISA payment

car payment

electric bill

furniture payments

alimony

court payments

garnishment

subscriptions of any kind...

Why would you NOT require it for rent payment???

Our customers have changed and WE must keep up.

Competitors have upgraded and we must keep up.

Key point: We switched from WAITING and HOPING and standing IN LINE to be paid behind their car repairs, funerals, "check's in the mail", etc to TAKING the rent on the appointed day.

Did this 20 years ago. People LOVE it and now EXPECT it. When we sign a lease they ASSUME we will TAKE the rent like their other bills are paid. This is sooo simple to convert and reduces the LL's workload.

If a LL is still demanding checks or money orders to be delivered he/she is frustrating their residents. They have to pay for check printing and pay a fee for money orders. Then they have to drop everything and spend gas money drive to the LL, often to the LL's personal home (YIKES!!).

No more checks to bounce. No more "Lost in the mail" to delay evictions. No more "I was late because my car broke down" or "My boyfriend has the money order but had to work late".

I had a conversation yesterday with a prospect who said he passes if the apt/Landlord website is not set up to handle his rent payments online.

Most people do not have checks, so we're asking for something they don't have. Most people don't have stamps. Millennials (40% of rental market) often do not know how to address, stamp, and mail a letter.

At a recent lease signing the new res told me she does not know how to write a check if she had one.

My factory worker residents are paid directly into their checking account and use a debit card for purchases. No checks ever involved.

BRAD

6x-- biography of Sam Walton.

Barb(MO), My current tenants do want to do ACH or some type of auto payment. I am going to try it when there pre-paid funds run out but I will have to learn how to set it up and do it. I was saying I would rather not do it but I am going to.

Brad, you make some good points.

regardless of the tech, i REQUIRE my tenants to HAVE a checking account. if they don't it's because they have bounced too many or the revenoo-ers are after them.