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Updated about 10 years ago on . Most recent reply

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205
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32
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Abou C.
  • Wholesaler
  • Central Falls, Philadelphia
32
Votes |
205
Posts

Best Online rent collecting solutions?.

Abou C.
  • Wholesaler
  • Central Falls, Philadelphia
Posted

I am researching  for best online rent collection solutions for two properties with four units each or a small time investor!. Currently looking at Rentmonitor.com

Features if possible:

1. Mobile/tablet capabilities

2. Debit/credit card/bank account 

Most Popular Reply

User Stats

604
Posts
327
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Chris Adams
  • Contractor
  • Valparaiso , IN
327
Votes |
604
Posts
Chris Adams
  • Contractor
  • Valparaiso , IN
Replied

I use quickbooks and they offer a product called IPN (Intuit Payment Network) which allows you to email invoices to tenants with a payment link imbedded in the email. The tenant simply click the link in the email, enters checking account info and payment amount and your done.

The cost is $0.50 per transaction. I have been using this for over a year and I love it. Once your paid you simply log on click download transaction and they sync the payment with quickbooks.  

I takes me less than 5 mins a month to bill and receive payments from my 5 rentals.

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