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

by | BiggerPockets.com

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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About Author

Brandon Turner

Brandon Turner is an active real estate investor, entrepreneur, writer, and co-host of the BiggerPockets Podcast. He began buying rental properties and flipping houses at age 21, discovering he didn’t need to work 40 years at a corporate job to have “the good life.” Today, with nearly 100 rental units and dozens of rehabs under his belt, he continues to invest in real estate while also showing others the power, and impact, of financial freedom. His writings have been featured on Forbes.com, Entrepreneur.com, FoxNews.com, Money Magazine, and numerous other publications across the web and in print media. He is the author of The Book on Investing in Real Estate with No (and Low) Money Down, The Book on Rental Property Investing, and co-author of The Book on Managing Rental Properties, which he wrote alongside his wife, Heather, and How to Invest in Real Estate, which he wrote alongside Joshua Dorkin. A life-long adventurer, Brandon (along with Heather and daughter Rosie) splits his time between his home in Washington State and various destinations around the globe.

2 Comments

  1. Lani Archer

    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.

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