Ways to accept rental payments from tenants
So i am getting ready to close on a duplex which comes with a tenant in one unit. My plan is to househack it and live in the bottom unit. Any advice on how I should collect rent? Are there websites I could use to help collect? Please advise, thank you.
Most Popular Reply
My clients and I (as an investor) only accept electronic payment of rent - Zelle, Paypal, CashApp. It avoids the whole "lost in the mail, I sent it, excuses for late payment." Our tenants actually prefer it as well. I would recommend it to you so that you can preserve a boundary between your personal life and that of the "way too convenient" landlord.
Hope this helps...