REI Tech
3 Ways to Collect Rent Online, Fast and Easy
If you’re a landlord, you probably know all too well that collecting rent can be as difficult and frustrating as a root canal sans Novocain. (Ouch!) Especially if you’re trying to collect your payments the old fashioned way, through a physical transfer of funds. (Double-ouch!) The cumbersome hurdles of physical rent collection are almost too many to list, including:
- Checks bounce.
- Tenants pay late.
- Late fees are a nightmare to assess and collect.
- Physical invoices are a headache to create and maintain.
- You must physically collect the checks, sometimes driving long distances.
- You must physically cash the checks, sometimes driving long distances.
- Some tenants who wish to hand-deliver their checks have ulterior motives for pinpointing your home address.
- Etc…
Thankfully there is a better way to collect rent – online.
Here’s the deal: Collecting rent is a necessary evil in the landlord biz, but there is a growing number of…
JP Moses
is a real estate investor in Memphis, TN, with experience ranging from land lording to note buying, rehabbing, and wholesaling. However, wholesaling is the area that he enjoys most and where he bring the most experience and expertise to his students.
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