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Updated about 7 years ago on . Most recent reply

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Imed Rebhi
  • Rental Property Investor
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Best way to pay contractors

Imed Rebhi
  • Rental Property Investor
Posted

Just wondering what’s the best way to pay a contractor/handyman. I currently use Zelle, and want to know the best practices when it comes to handling payments, especially since I have to send my contractor a 1099.

Thanks

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Steve Hall
  • Rental Property Investor
  • Texas
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Steve Hall
  • Rental Property Investor
  • Texas
Replied

Pay contractors only when they're done!

Seriously though: Zelle is a payment system for friends and family. DO NOT use it for business. Use online bill pay (from your business account), pay with a business credit card, or send them a check (from the business account.)

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