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Updated over 11 years ago on . Most recent reply

User Stats

52
Posts
14
Votes
Angela Henderson
  • Investor
  • Blackwood, NJ
14
Votes |
52
Posts

Collection of Rent

Angela Henderson
  • Investor
  • Blackwood, NJ
Posted

I'm new to real estate investing and just about have my property ready for rent. I will be renting Section 8 ( not that it should make a difference) but wanted to know methods used to collect rent outside of cash, checks, and money orders.  Does anyone set up banking accounts that tenants can used to make deposits? I want to avoid mail and I really don't have time for picking up rents.  Thoughts??

Most Popular Reply

User Stats

499
Posts
206
Votes
Leslie A.
  • Real Estate Investor
  • Houston, TX
206
Votes |
499
Posts
Leslie A.
  • Real Estate Investor
  • Houston, TX
Replied

My tenants deposit their rent to my bank account.  I give them deposit slips.

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