Had a new one yesterday...tenant has had a hard time paying on time. So I get a text last night that he is going to be paying his rent using using rent.app using their split pay feature. He says using this will enable him to get his rent paid ontime.

Do I need my landlord or building's permission to use Split Pay?

Is there a fee for using Split Pay?

Will this work with any resident portal?

plenty-any idea why a resident would choose this?

J: Because they are desperate and don't understand finances & how much more it will cost them.

I put it in the same category as payday advance loans and car title loans.

Targeting uneducated people who think this will help them catch up on their bills, while it actually digs the hole deeper.

I would ask them why they are choosing that as well.

Almost sounds like they are making a change to buy time.

If he has trouble making the timely payments check into a bi-weekly pay, or even weekly. As long as you aren't accepting checks in the mail that is.

There are plenty of payment methods that do not cost that much. My online payers use Innago, which is $2 per transaction. I still have one that pays via Venmo each month.

Find out why he is having trouble getting the rent in on time and work back from there for a solution.