All Forum Posts by: Nadir M.

@Matt Bishop  I don't know what kind of account you have at bank of america but those I believe would be ACH transfers. Wire transfers are charged on my account at Bank of America.  I know because I had to teach one of my tenants the difference between sending a wire transfer and ACH at the time wire transfer was a $30 charge.    

@Nadir M. my application includes the bank they use.  Typically I can tell them what ACH  zelle, popmoney they can use to transfer funds based on what their bank uses. I know some people favor something like cozy but I try to make it as easy as possible for people to pay me (short of venmo which I won't use).  

@Nadir M., only accept a direct bank wire to your dedicated rental property bank account, not, checks, zelle or any other intermediary for all recipients from the tenants. Wire transfers are not subject to NSF or retraction. If you want to protect your account numbers, set up one bank account solely for rent deposit and each month, transfer the balance to your operating account.

About midnight on each last day of the months, I get multiple text messages from my bank notifying me of receipt of wire transfers from my tenants. Bank of America does not charge me for this service.

@Nadir M. NEVER NEVER NEVER USE A THIRD PART SERVICER TO COLLECT SECURITY DEPOSIT AND 1ST MONTHS RENT BEFORE MOVE IN.I always use Cashiers check or money order for the security deposit,pet deposit and 1st months rent NO EXCUSE,Period.If tenant cannot do that well i am moving away.Until the security deposit clears in my bank account i donot hand over the keys how frustrated the tenant is.Another key thing ,the more pushy the tenant is in getting the place the more shady the tenant is and i will always double think @ that point.

@Nadir M. Ask her to give you a Cashiers check for all pre move in money( security deposit,Pet fee,1st month rent etc) .If she is legit she will get a cashiers check to you.Otherwise she will find excuses and say she needs to sort it with apartments.com

If she already moved in and signed the lease ,depending on the state your only option is eviction.

@Nadir M.

I want you to burn this saying into you brain!!!

"your poor planning is NOT my emergency"

Every time I have rented to a deadbeat, one of the red flags was some emergency urgent reason to move in before the my conditions were met. 

You should have seen her bank statement, ID, called the employer's number listed in their  website, seen old apartment to check out the story. I would not let her move in if the lease starts on the 1st. I would go there in person. She has no confirmed contract. As @Colleen F.said I would email her the notice to pay or quit, go to post office and send certified at 7:30 AM, call her and say you need the money in full plus a penalty into your venmo, or ACH, or zelle by 9:00 AM no excuses no messing with apartments.com When or if she gets apartments.com straightened out that can be August 1 payment and refund NOTHING, you need more security. My guess is you may need to evict her according to the subject location laws. A cheap last minute flight on a discount airline might mean you can discover the truth right away and get her out or get paid.

@Nadir M.  Give her your states official pay or quit notice and tell her you need a cashiers check for the money.   Making that much money it shouldn't be a problem to make it good now and figure it out with apartments.com later.  Usually a pay or quit is the first step in the eviction process. 

Start the eviction. She will either straighten out her mess and get you paid, disappear, or gets kicked out.

in the future, deposit and first month of rent should be paid by money order or cashier's check. If you accept any other form of payment, it has to clear before you hand over keys 

Start the eviction. She will either straighten out her mess and get you paid, disappear, or gets kicked out.

in the future, deposit and first month of rent should be paid by money order or cashier's check. If you accept any other form of payment, it has to clear before you hand over keys 

I don't typically give the keys until their move in date which could be weeks away from when the lease was signed and deposit/rent received. That is a good learning lesson to all to not give keys until all funds cleared. If i were you and the tenant hasn't moved in yet, just go ahead and change your door locks until this thing settles. She is not entitled to the place because she didn't hold up her end of the agreement yet.