Best Practice For Collecting Rent

[Kevin Howard]

Hello BiggerPockets,

I have a question in regards to collecting rent... I own a handful of rentals and find myself wasting time between the 1st-5th of every month collecting and depositing rent. We've always had the tenants mail or drop off rent checks to my real estate office which has been "okay" but I still find myself wasting an hour each month dealing with mobile deposits or driving to the bank. Any recommendations to make this process more streamlined? 

[Drew Sygit]

You can also have the tenants deposit the rent at your bank instead of your dropping at your office.

We charge a $10 Processing Fee for mailed rent, $3 if paid at the bank and $0 if paid online - encouraging the preferred behavior:)