Best way to collect rent

[Kyle Spinale]

If I own a small multifamily (2, 3, or 4 units) and I occupy one of them, what is the best way to collect rent from tenants?

Since it's so small should I just knock on their door, or is there a better (and less intrusive) way of doing this?

[Peter Mckernan]

Hey @Kyle Spinale

There are many ways to collect the rent! You can knock on the door, you can have them send you a check each month, you can have them setup bill pay on through their bank online, you can have them Venmo you money each month, you can use cozy.com, or you can pay for a platform like Buildium which uses ACH. 

Just a note if you manage third party rentals you’ll need to have a platform that uses ACH due to Trust/laws that restrict other types of transfers. If just managing for yourself you can use really any thing that you think of to get them money and out it into your account.