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Updated over 4 years ago on . Most recent reply

Uri E.'s profile image
Uri E.'s profile image
Uri E.
  • Rental Property Investor
  • from Carmel, CA
  • Member since Nov 22, 2020
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Uri E.'s profile image
Uri E.'s profile image
Uri E.
  • Rental Property Investor
  • from Carmel, CA
  • Member since Nov 22, 2020
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Uri E.
  • Rental Property Investor
  • Carmel, CA
2
Votes |
36
Posts
General Landlording & Rental Properties

Preferred method for collecting monthly rent

Uri E.
  • Rental Property Investor
  • Carmel, CA
Posted

Looking for advice on how to collect a large move-in sum and then monthly lease payment, considering each method has its limitations and restrictions. For example, Zelle has a daily limit of $2,500, AFAIK.

Thoughts?

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Account Closed's profile image
Account Closed's profile image
Account Closed
  • Flipper/Rehabber
  • from Cincinnati, OH
  • Member since Apr 15, 2020
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Account Closed's profile image
Account Closed
  • Flipper/Rehabber
  • from Cincinnati, OH
  • Member since Apr 15, 2020
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Account Closed
  • Flipper/Rehabber
  • Cincinnati, OH
417
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Account Closed
  • Flipper/Rehabber
  • Cincinnati, OH
Replied

You probably won't run into this issue collecting rent or deposits through a property management software, and there's quite a few free or nearly free options out there! We use Innago property management software, and haven't had any issues with limitations or restrictions on collecting rent or deposits.

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