How Do You/Your Tenants Pay Rent?

[Anonymous]

I pay through an automatic payment through my bank.

[Anonymous]

Anonymous wrote:I always insist on security deposit and first month in cash.

After that, I would accept check but prefer he use ACH direct deposit into my account.

Actual cash? That's absurd. There's no record.

[Anonymous]

Our tenant pays by Venmo

[Anonymous]

Zelle.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I always insist on security deposit and first month in cash.

After that, I would accept check but prefer he use ACH direct deposit into my account.

Actual cash? That's absurd. There's no record.

A cashiers check for first month is pretty common.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Zillow has a rental payment platform you can use.

Before I google, is there a fee for using that platform?

No Fee for the landlord.

[Anonymous]

It's been years since I rented, but when we were, I had the same bank (Crestar, I think) as the landlord, so I would go to the bank each month and have the money moved to her account and text her when the transaction was complete. It was very convenient.

[Anonymous]

My tenants pay me via Venmo.

[Anonymous]

Anonymous wrote:Renter of unit in our house insists on a check, but I've repeatedly suggested Venmo, which would be easier. Most importantly, it creates a records that both parties can easily see, so there's no possible confusion over whether the payment has been made. (With a check, each person has a record only of their own bank account.)

I don’t think you understand how checks work. You get complete records.

[Anonymous]

We pay via ACH

[Anonymous]

When I rented I usually paid via ACH to my landlord’s bank.

[Anonymous]

I am a renter and I have my bank mail a check every month.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I always insist on security deposit and first month in cash.

After that, I would accept check but prefer he use ACH direct deposit into my account.

Actual cash? That's absurd. There's no record.

What do you mean there's no record? I give them a receipt from a receipt book. I have a copy; they have a copy.

The reason for this is that if someone gives you a deposit and first month's rent with a personal check the day before move in, both could bounce but the tenant would already be in the apartment. Ask me how I know.

And sure, a cashier's check would work but they're more time consuming for the tenant, unfamiliar to some, so actual cash doesn't hurt anybody. Not sure what's so absurd unless the apartment is $15,000/mo.