Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Followed Discussions Followed Categories Followed People Followed Locations
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

2,458
Posts
2,402
Votes
Lynnette E.
  • Rental Property Investor
  • Tennessee
2,402
Votes |
2,458
Posts

collecting rent in person at a bank

Lynnette E.
  • Rental Property Investor
  • Tennessee
Posted

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?

Loading replies...