Rent Payment Services

[Andrew Sassaman]

Has anyone used apps like Cashapp, Venmo, and Zelle to collect rent? I was wondering if using those applications would be a good idea and if not what are some good rent collecting services that yall have had success with?

Thanks!

[Sharlene Mulchandani]

@Andrew Sassaman I would definitely look into each of these apps before deciding to use these as a way to collect rent from your tenants. As far as I know, for Paypal and Venmo, you will require a business account to collect rent, since by using a personal account, you are in direct violation of their User Agreements. Also, through the use of a business account, you're likely to encounter fees to collect these payments. I suggest looking into a free property management software company for rent collection instead of using these apps.