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Updated over 11 years ago on . Most recent reply

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Arthur Banks
  • Real Estate Investor
  • Waukegan, IL
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Living with tenants

Arthur Banks
  • Real Estate Investor
  • Waukegan, IL
Posted

How do you handle rent collection? Knock on their door on the first? Have them put it in your mailbox right outside? Mail to your P.O. Box?

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James Wise#2 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
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James Wise#2 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Replied

I have them deposit it into my bank account. Even if they lived in the same building as me I don't want to make unnecessary trips to the bank.

I understand landlords wanting to be involved and on top of their rentals but I feel showing up to the house monthly Is a bit intrusive. Just my .02 if it works for some that's great. I just know I would not be OK with that arraingement if I were a tenant. That said, I would not like the arraingement of me being anyone's tenant.

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