Updated over 9 years ago on . Most recent reply
Providing bank information to tenants
One of my tenants prefers to drop off their rent and to pay cash. I'm an out of town investor. I spoke to a tenant that had a landlord just give bank account information to her. The tenant would just go to the landlord's bank and make a cash deposit. Do you see any issues doing it this way?
Most Popular Reply
If the tenant is ever in the process of being evicted, and they know your bank details, they can make a part payment just before the hearing, and that can kill the eviction stone dead. (This is dependent on the county and local laws).