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Eric Chauvin
  • Real Estate Broker
  • Boston, MA
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Rent Collection: Auto Debit ACH Payments

Eric Chauvin
  • Real Estate Broker
  • Boston, MA
Posted

I am looking for another service similar to payyourrent.com where you can set up rent collection where YOU pull the rent out of their account. This is different from other sites that require the tenant to set up/change the Auto ACH. Payyourrent.com has too many unnecessary features and the site is very unintuitive. Any recommendations?

  • Eric Chauvin
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    Mike S.
    • Investor
    • Broward County, FL
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    Mike S.
    • Investor
    • Broward County, FL
    Replied
    Quote from @Eric Chauvin:

    I am looking for another service similar to payyourrent.com where you can set up rent collection where YOU pull the rent out of their account. This is different from other sites that require the tenant to set up/change the Auto ACH. Payyourrent.com has too many unnecessary features and the site is very unintuitive. Any recommendations?

    Any bank can do ACH pull. But some will not give you an easy online access panel unless you have some pricey business account with them.

    My local bank, with free business checking account, give me free full online ACH capability.

    However it is still your responsibility when you do a pull ACH to have written authorization from your tenant to do so. Also, the pull can be reversed within 60 days. If there is insufficient fund you may get charged a reversal fee too.

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