How are you collecting payment?

[Pat Peri]

Hey guys, I am in the process of getting my first quadplex and am wondering how everyone is collecting rent. Are their good apps/software? Are you directly drafting from account? Check? Thanks!!

[Henry LiChi]

@Pat Peri It's up to you.  I would definitely present more than one way of paying for to your tenants.  Some tenants are not as tech savvy as others to use apps or online deposits.  My PM accepts online collection and checks.  Not sure what you mean by directly drafting from an account, but I am assuming you mean the tenant does a reoccurring ACH transfer.  Some of my colleagues are even starting to accept via Venmo.  I honestly won't go that route, but to each their own.  I absolutely would never accept cash though.  Had many issues with this previously.