Now that rents are exclusively done ACH and owners are paid that way as well as statements being emailed (or available immediately for preview) it seems rather old school. 

I guess I am getting a taste of my own medicine...

Now, all our tenants are required to authorize an ACH withdrawl/debit on the first of the month from their checking account for the term of the lease before signing the lease.

It will save me heart-ache and head-ache through others experiences.

@Mark Forest, most charge around $35 for the background check and credit check.The ACH transfers are free.

I don't know how you all are spending money that needs paper receipts. 99% of my expenditures are either ACH or CC autopay's to utilities, banks or other regular things, or paid by credit card to Lowes or HD who email receipts to my 'landlord' email with the PO (unit or property) I entered at checkout.

@Daniel Hansen, Here's some that a small-time rental portfolio manager has in mind for systems.Rent Collection: Automate through ACH or Direct Deposit, as opposed to drive to the homes and collect rent checksMaintenance: Have a handyman "guy" or a crew that you can text and schedule, as opposed to run around to fix toiletsNeighborhood Watch: Make friends with the neighbors and have them alert you when there's undesirable events etc. going around the propertyProperty Management: If you choose this, have several property managers that you constantly keeping tabs on to help with management.

A big part was us also having a more aggressive servicer set up ACH, Debit card, or automatic drafts with the borrowers to keep them paying.  

Unless you are going into law, medicine, or a handful of other industries, formal education is highly overrated.

We have used ACH payments, bank-to-bank, in the past.