How do you collect your rent?

[Drew McCrory]

Hello everybody, I am looking to start investing in the next year or so and am trying to have my plan in place before I start. I was thinking about how I will collect my tenants rent if I manage my own units. I don't own any office space or anything like that and I doubt giving my tenants my personal address would be a good idea. How do you guys collect your monthly rents and what's your opinion on the best way to do so? Online payments, money orders/checks to a P.O box, cash?? Looking forward to see your opinions!

[Kelvin Tam]

@Drew McCrory I always ask them to bank in online and inform me through the phone. This way, I am able to track their payment.