My tenants are currently depositing the rent directly in a checking account that I set up for that purpose; however, sometimes I have a tenant who will 'forget' to pay the rent on time, and I have to either email them a reminder or phone them, and then they 'forget' to add the late fee when they pay late; so...
...I'm thinking about signing up with an Online Rent Collector, and I came across Rentmonitor (link below)
they send automatic reminders to tenants 3 days before rent is due, reminders if rent is overdue, collect any late fees, and send me notifications when tenants checks have cleared and they deposit directly in my account. They charge $2.00 per transaction, with a minimum $10.00 per month.
Has anyone used this or any other online service, to collect their rents, that they can recommend?
thanks for any input!
__________________
Valerie
“And will you succeed? Yes indeed, yes indeed! Ninety-eight and three-quarters percent guaranteed!” ― Dr. Seuss
"I believe in angels, the kind that heaven sends; I am surrounded by angels, but I call them friends" - Unknown
My tenants are currently depositing the rent directly in a checking account that I set up for that purpose; however, sometimes I have a tenant who will 'forget' to pay the rent on time, and I have to either email them a reminder or phone them, and then they 'forget' to add the late fee when they pay late; so...
...I'm thinking about signing up with an Online Rent Collector, and I came across Rentmonitor (link below)
https://www.rentmonitor.com/how-online-rent-collection-works
they send automatic reminders to tenants 3 days before rent is due, reminders if rent is overdue, collect any late fees, and send me notifications when tenants checks have cleared and they deposit directly in my account. They charge $2.00 per transaction, with a minimum $10.00 per month.
Has anyone used this or any other online service, to collect their rents, that they can recommend?
thanks for any input!
Valerie
“And will you succeed? Yes indeed, yes indeed! Ninety-eight and three-quarters percent guaranteed!” ― Dr. Seuss
"I believe in angels, the kind that heaven sends; I am surrounded by angels, but I call them friends" - Unknown
My journal: http://www.deangraziosi.com/real-estate-forums/investing-journals/59110/...