Hands off way of collecting monthly rent

[David Sanford]

Does anyone out there know of a free or cheap online service that their tenants can pay rent and it deposits into your account? I don't want to have to drive to my rentals anymore and I don't want them having my home address to mail it to me. Or maybe should I set up a P.O.Box? Thanks in advance!

[Jennifer Toomey]

I use Venmo and LOVE it! I send a request on the 1st of the month- then they complete it. No fees for you. If they choose to use a credit card on their end- they pay the fee.  It is essentially Paypal- but easier and secure. Anyone with any bank can set up and account.