Best way to collect rent out of state

General Landlording & Rental Properties
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Best way to collect rent out of state

Juliette V.
Nashville, TN · Member since 2013 · 31 posts · 3 votes

I'm renting my condo furnished for 3 and a half months to two traveling nurses.  My condo is in San Diego.  I'll be living in Nashville during that time....

I have 2 handymen on call and available to the ladies should anything in the condo need fixing, etc.  So, no official property manager.

So, my question is ....Advice on best and most efficient ways to collect rent given this situation?

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Jon Klaus
Developer · Garland, TX · Member since 2008 · 8k+ posts · 4k+ votes
12y

I like Chase QuickPay. 

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  • Jon Klaus
    Developer · Garland, TX · Member since 2008 · 8k+ posts · 4k+ votes
    12y

    I like Chase QuickPay. 

    1Reply
  • Juliette V.
    OP
    Nashville, TN · Member since 2013 · 31 posts · 3 votes
    12y

    Chase quick pay....do you have to have a Chase bank account?

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  • Anne A.
    Landlord · Woodland Hills, CA · Member since 2014 · 25 posts · 5 votes
    12y

    @Juliette V. - I don't think you need a Chase account.

    https://www.chase.com/index.jsp?pg_name=ccpmapp/in...

    I used to have a small transcription company and got paid regularly through Chase QuickPay. I would just "accept" the payment and it would go right into my account (I think it took maybe a day to transfer).

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  • Detrick Hannah
    Beloit, WI · Member since 2014 · 4 posts · 0 votes
    12y

    The terms and conditions for Chase Quick Pay do state that (1) of the individuals in the transaction has to have a Chase account.....

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  • Jean BolgerPro Member
    Aurora, CO · Member since 2012 · 2k+ posts · 1k+ votes
    12y

    There are a bunch of online rent payment options. I've not used any myself, but there have been a number of discussions on BP. Try using the search bar and look for "online payments" or "online rent payment"

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  • Account Closed
    Investor · Honolulu, HI · Member since 2013 · 3k+ posts · 1k+ votes
    12y

    I have payments to me from Nashville  deposited into Bank Of America.  My account is in CA.   even though I am in Honolulu  most of the year and Honolulu does not have BoA branches I can access my money online. 

    I'd ask who they bank with and if they have a billpayer set up or Pop money.

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  • Levi K.Pro Member
    San Diego, CA · Member since 2013 · 37 posts · 14 votes
    12y

    Hello @Juliette Vara,

    Here my answer based on my experience:

    1) If the tenant has Chase they can send you money using Chase Quick Pay. You don't need to have an account with Chase bank. It will take couple days to setup, validate, and receive the payment. Maybe even calling Chase customer services.

    2) You can provide the tenant your checking account and they should go to their bank and ask the bank to deposit money in your bank account.

    Hope this helps.


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  • Chris Martin
    Investor · Willow Spring, NC · Member since 2009 · 5k+ posts · 3k+ votes
    12y

    I would recommend not providing checking account information to your tenant. You don't need to for collecting rent, and by doing so you open a very small window for abuse. Chase quickPay is one option. Wells Fargo has something similar... other banks may also. If you have Wells Fargo in your area, consider the WF Business Deposit Card. search that in the search bar for multiple topics...

    Or use a reasonably priced ACH provider. You can search that as well (e.g. online rent payments...)

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