Updated almost 7 years ago on . Most recent reply
Should we accept Electronic Funds for Rent?
Just bought our first property and have signed a lease with tenants. We are offering rental payment by electronic means (Zelle, Venmo, CashApp etc.). However, we have just read a few articles that say allowing electronic payments is not a good idea due to the fact that partial payments are automatically accepted by these apps. I am not sure if I need to be overly concerned with this or not? Would appreciate some feedback from Landlords that use electronic payment and whether this is an acceptable risk to take. Thanks!