AskBP

#AskBP 098: What’s The Best Way for Tenants to Pay Rent to the Landlord?

Expertise: Landlording & Rental Properties, Personal Development, Real Estate News & Commentary, Business Management, Flipping Houses, Mortgages & Creative Financing, Real Estate Deal Analysis & Advice, Real Estate Wholesaling, Personal Finance, Real Estate Marketing, AskBP, Real Estate Investing Basics
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What's The Best Way for Tenants to Pay Rent to the Landlord?

Accepting rent from tenants would seem to be fairly straightforward, but each method has it’s upsides and downsides. In this episode of the #AskBP Podcast, Brandon shares several different methods he has used to accept rent from tenants, as well as some dangers to look out for.

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Brandon Turner is an active real estate investor, entrepreneur, writer, and co-host of the BiggerPockets Podcast. He is a nationally recognized leader in the real estate education space and has tau...
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    Michael S. Investor, Property Manager from Louisville, Kentucky
    Replied over 5 years ago
    What about Cozy!?
    Lani Archer from Arvada, Colorado
    Replied about 2 years ago
    Thanks for these great resources. I also just bought and am working through the 90 Days of Intention Journal, it has been very illuminating so far. I currently have a tenant that just goes to the Bank that I use for this property. I setup a checking account for free and use it just to collect rent, then transfer that money after the 1st into an operational checking account. I give the tenant 12 deposit slips with the name of the business and the account number to use each month like a payment booklet. I haven’t heard of this method being used before so I was hoping to get some feed back if this is not advisable.