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Updated about 7 years ago on . Most recent reply

Mike Smith's profile image
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Mike Smith
  • Real Estate Investor
  • from St. Louis, Missouri
  • Member since Jan 22, 2008
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Mike Smith's profile image
Mike Smith's profile image
Mike Smith
  • Real Estate Investor
  • from St. Louis, Missouri
  • Member since Jan 22, 2008
Connect
Mike Smith
  • Real Estate Investor
  • St. Louis, MO
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General Real Estate Investing

Direct deposit of rent from Social Security?

Mike Smith
  • Real Estate Investor
  • St. Louis, MO
Posted

I'm in the process of purchasing single family to rent. The seller's agent mentioned a way to have rent directly deposited in my account from any renters who are receiving social security. In other words, the Social Security Administration would deduct the rent from the tenant's check and deposit it directly into my account. Has anyone heard of this and, if so, how is it done?

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