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Updated over 1 year ago on . Most recent reply

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John McKee#5 Commercial Real Estate Investing Contributor
  • Investor
  • Fairfax, VA
763
Votes |
1,143
Posts

Automatic withdrawal of rent companies

John McKee#5 Commercial Real Estate Investing Contributor
  • Investor
  • Fairfax, VA
Posted

Can anyone recommend companies that can set up automatic withdrawals of the tenants rent.  Let me know and thanks.

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17
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Alex Wesling
  • Investor
  • Indiana
17
Votes |
17
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Alex Wesling
  • Investor
  • Indiana
Replied

We use RentRedi. It’s easy to add/delete charges. Tenants can deposit via checking or credit card. I will say though the tenant typically has to have the account with the funds 48-72 hours after initiating the payment. It doesn’t pull right away when they submit payment via etf. Great system and easy to use.  Platform works online and via app. Fairly priced for yearly version (we pay 150 with 23 doors)

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