Foreigners - how to receive rent

Foreigners - how to receive rent

Investor · Grand Cayman, Cayman Islands · Member since 2016 · 19 posts · 2 votes

I have recently placed a tenant in a unit I've purchased. I have an American Bank account, but I am a foreigner living in another country.

Does anyone know how I can receive the rent from my managing agent?

 - I cannot use Venmo / Zelle / Cash app from outside the US

- I obviously cannot cash a check

Is there anyway to receive rent without having to wire it and pay exorbitant fees?

Thanks all!

0Reply
22 views

1 Reply

Jump to latestLatest
  • Rental Property Investor · Overland Park, KS · Member since 2019 · 22 posts · 5 votes
    6y

    I've used Transferwise to transfer money to my family and it went pretty smoothly.  Banks will charge you exorbitant fee and you'll need to wait for a few days before receiving the money.  Transferwise took a couple of days.

Join the conversationCreate a free account to reply, vote on answers and follow this thread.