Online Rent Collection
With the Corona Virus pandemic going around I'm curious how many of you collect rent via online methods. I am a relatively small owner of a 4 unit & a 2 unit that I manage myself so I don't have the scale to build a website like a larger investor/property manager. I've had several inquiries when collecting application fees if I accept venmo or cash app which I do not. I'm wondering if anyone uses these options or paypal to collect rent and if so has it been something a majority of tenants use or do they still drop off some sort of physical payment? I am very cautious with using any application or facebook due to the security risks involved but was considering paypal as an option.
Any thoughts would be greatly appreciated.
Kevin