General Landlording & Rental Properties

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Lynnette E.
  • Rental Property Investor
  • Tennessee
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collecting rent in person at a bank

Lynnette E.
  • Rental Property Investor
  • Tennessee
Posted Aug 29 2019, 18:55

For the first time I have a person who wants to deposit the rent directly into a bank account.  He has no bank account and goes directly now to pay all bills in person/cash.  Its an inherited tenant for a storage building that is just transiting to me collecting the rent.  Everyone has the same rent for the units.  I am now anticipating many more will want this option.  Mainly as they likely do not have cards or  accounts to use for on-line payments.

Problem I see is that if I give them the account number, how would I know WHO paid?  My banks statements just show deposit and amount.

How do you guys do it?

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