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Updated almost 8 years ago on . Most recent reply

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55
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2
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T Brown
  • Pittsburgh, PA
2
Votes |
55
Posts

tenants depositing into account

T Brown
  • Pittsburgh, PA
Posted

How does it work to have tenants deposit directly into your bank account? Do you just give them your account number? Isn't that dangerous? I've never heard of this and would like to understand the mechanics.
TIA
Trina

Most Popular Reply

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53
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47
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Melissa W
  • Syracuse, NY
47
Votes |
53
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Melissa W
  • Syracuse, NY
Replied

The problem I have heard about with this system is that if you are evicting them and accept any payment at all, it invalidates the eviction and you're back to square one. So if they deposit five dollars in your account, you have to start the whole thing over again with notifications, court fees, etc.

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