Rent Collecting
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Rent Collecting (by Michael [AL]) Jun 16, 2022 12:23 AM
       Rent Collecting (by Bonanza [NC]) Jun 16, 2022 5:00 AM
       Rent Collecting (by WMH [NC]) Jun 16, 2022 7:10 AM
       Rent Collecting (by Roy [AL]) Jun 16, 2022 7:13 AM
       Rent Collecting (by DJ [VA]) Jun 16, 2022 8:21 AM
       Rent Collecting (by MC [PA]) Jun 16, 2022 8:59 AM
       Rent Collecting (by don [PA]) Jun 16, 2022 9:55 AM
       Rent Collecting (by Bonanza [NC]) Jun 16, 2022 10:33 AM
       Rent Collecting (by Ray-N-Pa [PA]) Jun 16, 2022 10:34 AM
       Rent Collecting (by Hoosier [IN]) Jun 16, 2022 1:19 PM
       Rent Collecting (by zero [IN]) Jun 16, 2022 2:10 PM
       Rent Collecting (by Jason [MI]) Jun 16, 2022 2:32 PM
       Rent Collecting (by Jeffrey [VA]) Jun 16, 2022 3:03 PM
       Rent Collecting (by ned [AL]) Jun 16, 2022 10:43 PM
       Rent Collecting (by tryan [MA]) Jun 17, 2022 6:56 AM
       Rent Collecting (by zero [IN]) Jun 17, 2022 9:26 AM
       Rent Collecting (by GY [NC]) Jun 18, 2022 2:18 PM
       Rent Collecting (by Barb [MO]) Jun 18, 2022 9:43 PM

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Rent Collecting (by Michael [AL]) Posted on: Jun 16, 2022 12:23 AM
Message:

To All RE Apartment/House Landlords:

What system do you use to collect your monthly rent payments from your tenants? We welcome many landlords to give us your feedback with this question. We Thank You Very Much!! Example, the president of a local bank were I live owns alot of rental property, but he collects his rent in person. We DO NOT recommend doing this. We know him quite well, but we can't believe he does this.

--174.81.xxx.x




Rent Collecting (by Bonanza [NC]) Posted on: Jun 16, 2022 5:00 AM
Message:

Clearnow for 90% of the rentals. A few still send checks or money orders --65.188.xxx.xxx




Rent Collecting (by WMH [NC]) Posted on: Jun 16, 2022 7:10 AM
Message:

60% Zelle

20% Venmo

15% Cash App

5% Google Pay --50.82.xxx.xxx




Rent Collecting (by Roy [AL]) Posted on: Jun 16, 2022 7:13 AM
Message:

For many M&P landlords, collecting rent in person is actually quite common,...at least in my town it is. Personally, I do not do it. Most of my tenants use some form of direct deposit like using Zelle. --71.207.xxx.x




Rent Collecting (by DJ [VA]) Posted on: Jun 16, 2022 8:21 AM
Message:

Clearnow or direct deposit into my bank account --68.229.xxx.xxx




Rent Collecting (by MC [PA]) Posted on: Jun 16, 2022 8:59 AM
Message:

I did either stop by my house or Direct Deposit. I encouraged Direct Deposit. But don't tell me you are coming by and not show-you get to do it once. Especially if you are late-no forgiveness or mercy on late fees. Don't waste my time-if you are not going to make it-just text-the NCNS pisses me off. --73.230.xxx.xx




Rent Collecting (by don [PA]) Posted on: Jun 16, 2022 9:55 AM
Message:

In person. In my hand. --70.90.xx.xxx




Rent Collecting (by Bonanza [NC]) Posted on: Jun 16, 2022 10:33 AM
Message:

Your method of collection is probably dependent more on your inclination to accurately report rents on your tax return. Just saying . . . . --71.217.xxx.xx




Rent Collecting (by Ray-N-Pa [PA]) Posted on: Jun 16, 2022 10:34 AM
Message:

What system you use, I recommend that you limit yourself to only a couple of different methods. Your mental health will thank you --24.101.xxx.xxx




Rent Collecting (by Hoosier [IN]) Posted on: Jun 16, 2022 1:19 PM
Message:

Clearnow for some and any future...but I have a couple old tenants that don't have checking accounts, so they mail to a PO box and I charge them a "convenience fee" of $20/month. --99.92.xxx.xxx




Rent Collecting (by zero [IN]) Posted on: Jun 16, 2022 2:10 PM
Message:

Lucky that all of my tenants direct deposit into the credit union account. Makes it so much easier for tracking and such. No more going to the bank every few days looking for checks.

Have one guy buying on contract who sends the money via biz check each month. I allow it because I am getting good money for not dealing with undesirable places. --107.147.xx.xxx




Rent Collecting (by Jason [MI]) Posted on: Jun 16, 2022 2:32 PM
Message:

Zelle

Cash app

Venmo

Chime

Have accounts at 90% local banks..

1 bank I won't deal with....ever. was denied my very first loan there an will never step foot in there again about 20 years ago

What ever the tenant wants....as long as they pay.. few will deposit into my account at different banks...not my primary

Zelle is my dav though --107.116.xx.xx




Rent Collecting (by Jeffrey [VA]) Posted on: Jun 16, 2022 3:03 PM
Message:

For those who wish to try Clearnow (mentioned by a couple of landlords above), since they are a sponsor on this site, they offer a free trial of 3 months for whatever number of residents you have. For info, go to DirectRentDeposits.com.

--70.161.xxx.xxx




Rent Collecting (by ned [AL]) Posted on: Jun 16, 2022 10:43 PM
Message:

Most of my tenants pay at my (centrally located) office.

The good-

We have regular business hours...so it is convenient for them, with little room for excuse.

If the there is a problem with a property, I usually know it pretty quick.

The bad-

They wanna' bend your ear. Needlessly. --70.92.xx.xx




Rent Collecting (by tryan [MA]) Posted on: Jun 17, 2022 6:56 AM
Message:

My S8 hold-out in the hood refuses any/all electronic payment systems ... sooo I gave her a book of deposit slips. She goes to the bank and deposits rent. --206.84.xx.xxx




Rent Collecting (by zero [IN]) Posted on: Jun 17, 2022 9:26 AM
Message:

My credit union gives them receipts, unless after hours drop off. No charge for the service. I can view online as they deposit. Very few hiccups over the years. --107.147.xx.xxx




Rent Collecting (by GY [NC]) Posted on: Jun 18, 2022 2:18 PM
Message:

ClearNow - totally worth it once you realize the fees are a tax expense and it doesn't have the flaws or time delays of other methods (can't use rents via mobile deposit for 7 days sometimes) --136.56.xxx.xxx




Rent Collecting (by Barb [MO]) Posted on: Jun 18, 2022 9:43 PM
Message:

Mostly Clearnow.

Got two who pay via Zelle.

Travel nurses pay via QuickBooks invoice. --149.76.xxx.xx



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