Collecting Rent with Zelle Pay
All you self managing landlords if you have not heard about Zelle Pay, you should check it out. It allows tenants to pay you electronically through their mobile banking app. You sent up your email in your banking app, then the tenants send the money to your email address and it is in your bank account in less than 5 minutes. No fees. It's been really great for me. You can request money from your tenant each month or they can initiate from their end. Very easy for both the tenant and you. Hope this helps! I recently bought a SFR with a tenant already in, so instead of hiring a PM I have a home warranty policy and use Zelle, so far so good. I'll bring in my PM once I need a new tenant.