Posted by TeddyB_SC on May 09, 2001 at 20:57:57:
that generally refers to obtaining the goods and services in advance i.e., the payday loan services.
You get the cash right then and there and write the check for a future date. If rent is due on the 1st
of May for month’s rent, simply deposit the check on the 1st (or 2nd). What can be post dated about that. The goods (month’s rent) is obtained on the day the check is dated. IMHO. Thanks
Rent Collector… - Posted by JDC
Posted by JDC on May 08, 2001 at 20:46:22:
I recently got a tenant to live with me in my house.
Is there an easy and convenient way you know of that tenants can pay their rent (for both me and my tenants)?
Do most of experienced landlords such as yourselves
have your tenants send monthly rents by:
A) Snail Mail - send a money order by mail
B) Personally deliver a check to their doors
C) Direct Deposit: have the tenants wire-transfer (via online banking of some sort) directly to their bank account
D) automatically process their credit card every month
E) hire a scary looking guy wearing a black trenchcoat
and have him show up infront of property every month
Thanks in advance…
Jon
Re: Rent Collector… - Posted by David
Posted by David on May 10, 2001 at 13:29:43:
We use C&A Solutions - every month, we get a priority post package with auto-draft checks for next months rent, drawn on the tenants account. It’s not very expensive (depends on the number of checks) and it’s worth it. All the tenant needs to do is make sure the money is in the account - no writing checks; dropping them off; collecting them; etc. etc.
The Mr. Landlord site has info :
http://www.mrlandlord.com/html/ard.html
Re: Rent Collector… - Posted by Rob FL
Posted by Rob FL on May 09, 2001 at 11:40:58:
Most of my tenants snail mail it to me. I do have a mailbox at Mailboxes Etc. When I first rent out a property, I give the tenant or tenant/buyer a map to the Mailboxes Etc. A few of them like to be able to drop it off at my mailbox. Unlike a PO Box, the tenant can write the box number on the envelope and hand it to the cashier to stick in my mailbox.
Re: Rent Collector… - Posted by John
Posted by John on May 09, 2001 at 10:47:39:
All of my tenants pay by mail except for one. He gave me cash for the 1st month/sec. deposit and 11 post dated checks for the balance of the lease. I may try to install this payment structure with some of my other tenants once their lease is up for renewal.
Good luck!
John
Re: Rent Collector… - Posted by RyanT
Posted by RyanT on May 08, 2001 at 23:20:24:
I’ll adress your points:
A-Snail Mail-This is the way I do it, deliverable to a PO Box I have set up…
B-My tenants don’t even know where I live…and I dont want them to either…so this is out
C-Would be nice, but most won’t agree to it…plus while they can sign up to have stuff taken out of there account, they can just as easily get it stopped
D-If my tenants are paying rent to me via credit card…something is wrong…don’t need them building up that debt, plus it would cost me to proccess it…
You mention your tenant is going to be living WITH you in your house. Um, why not just have him leave it on the kitchen table? And if your living in the same house, I would hope you would see them from time to time…
Ry
Re: Rent Collector… - Posted by Tim (MO)
Posted by Tim (MO) on May 09, 2001 at 18:41:24:
John,
You may want to review the local laws about collecting on NSF checks that are post dated. I know in Missouri, if you accept a post dated check that fails to clear, you are left holding the bag, the county will not help you at all. The exception to this is the payday loan industry, but they pay a hefty liscense fee each year to the state, so the state helps them in return for the cashflow to the treasury.