Collecting Rent

[Steve Rozenberg]

Do you take rent electronically?

[Rachelle S.]

I have a Bank of America business account which allows me to use as many "deposit only cards" as I like. These are cards which allow my renters to deposit cash (preferred payment method) or checks. They get a receipt at the time of deposit and I get an online notice of the amount deposited and the exact time so there are no disputes. They do not have access to balance information or the ability to withdraw funds. It has worked extremely well as BOA has a large presence in Atlanta and I have transitioned all my renters to it. Best part is that it is all FREE. Everyone loves the convenience, especially me!