Originally Posted by
Milk Man
Anyone have rental property that is in another state, in which the tenants dont have same bank? How do you receive money the cheapest and safest?
Several options.
-by mail (Due on the 1st, not mailed on the 1st. Encourage them to mail early and post date if they feel it is necessary or set it up automatically if their bank offers online bill pay)
-ACH through your bank (ask them how)
-online payments by ACH (not CC)
https://www.biggerpockets.com/forums...ollection-tool
https://www.biggerpockets.com/rei/pa...payment-tools/
https://www.landlordology.com/collecting-rent-on-time/