Monthly rent payment methods!!
Folks,
For one of my rentals the rent is around $5k per month. Any online method i can ask tenant to use that can deposit the amount to my bank account which is free for tenants and safe method for me to use. i had issue with one of the check send by tenants (not a tenant fault)and i was about to fall into scam as i tried to deposit the check online but now want to stay away from Checks. venmo/zelle doesn't allow bigger amount transfer. What do you folks use as online method (i.e Zillow payments )for rent payment which is free for tenants and no cost to me also. I have not used Zillow payments but looking into it. any other recommendations.
Thanks
namal
Most Popular Reply
- Real Estate Broker
- Cody, WY
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This is super easy. Go to your bank and tell them you want instructions for a tenant to pay ACH from their account to yours. Your bank should have a form. Fill in your part and give it to your tenant. They take it to their bank and set up automatic ACH payments to your bank account. Easy and free.
- Nathan Gesner
