Rent collection with local bank savings account

[Matt Batson]

Hello, kind of a newbie on here...

We have just landed our third rental, and now have three tenants (two in a duplex and one SFR).

We are looking to make rent collection easier and were planning on doing the following...

Open a savings account, in the name of our LLC, at the local bank here is western NC.

Give each of our tenants "deposit only access" to the savings account. 

When they deposit the monthly rent, we will see it online and then withdraw it to pay mortgage, etc.

What are your thoughts on such a plan?

We figure it will be easy to identify each tenant's deposit via an identification number or even just by the name on the deposit slip...which I assume we will be able to see online...

We have checked with the bank and so far they see no problem with this, although the manager lady had never heard of such an arrangement.  There would be no fee's, no software to purchase, etc.