Foreigners - how to receive rent
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!
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.