Start a new topic

Payment of Rent

Hello all, I am a new landlord planning to rent my house in March and wondering how you all collect rent?  I don't plan to rent to Section 8 so I am assume payment by personal check or cash?  Do tenants pay in other ways such as transfer of money from checking accounts?  Thank you.

Payments can be accepted in whatever way you agree to. You may accept cash/money order/check or credit card. I personally do not like having my tenants directly deposit the money into my account. If there is a problem and you end up trying to evict; some states do not permit a partial payment. If your tenant decides to deposit that partial payment into the account, you cannot stop it, depending on the court and the judge, that could hold up an eviction case.
Appreciate the quick response.  What way do you agree to payment type -- do you note it in the rental agreement or just agree verbally?
Login to post a comment