Due to the current situation, I am toying with the idea of requesting an applicant’s employer if he would be ok to directly deposit the tenant’s rent every month from his paycheck. The employer is an established plumber whom i have done business with for years. The applicant has been his employee for about 4 years now. What are your thoughts? Is this even a plausible solution to avoid any rent payment delay or non payment? Has anyone done this in the past? What has been your experience with this?
The risk you are mitigating is that the tenant gets paid but chooses not to pay you. To me that seems unlikely. Most of the time when an otherwise good paying tenant doesn't pay it is because they lost their income. In that case this plan wouldn't help you.