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General Landlording & Rental Properties

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Elford Stephens
  • Winchester, VA
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Convincing tenants to use electronica payment

Elford Stephens
  • Winchester, VA
Posted Feb 20 2019, 17:58

 Hi, we are new real estate investors. We just purchased our first property.    The tenants are accustomed to paying their rent to the old owner in cash. This will not work for us.  We would like them to use some form of electronic payment either direct deposit or Cozy.co.   One of the tenants would like to mail us money orders. Her concern is that she is a new renter and she would like to be able to keep track of her payments.   What arguments would you use to persuade her to use electronic payments? 

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