Updated about 6 years ago on . Most recent reply
C class multi family rent collection
I am soon to close on a multi-family property in a c-class area near Kansas City. Currently the tenants take their monthly payments directly to the bank for deposit. I am aware of the methods of payment that different property managers prefer. But I am curious whether the type of neighborhood/tenant plays a role? Ideally I'd like to have them set up autopay, but sometimes some people don't have bank accounts. Or perhaps I make it a requirement? Curious what my fellow BP friends think.
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@Oliver Sparks I like to require it because it makes it easier for everyone once they adopt the software and then you can know real time on the 1st who has paid. If the tenant class is one without bank accounts there are other options like money orders for those that can't do the online option. Hope closing goes smooth, congrats!