Re: PayPal For Rent? - Landlord Forum thread 331596

Re: PayPal For Rent? by Katiekate (New York) on March 2, 2015 @09:25

I have been using bill pay from various banks for years. Years.
Never been a problem.

This is the 21st century of the "the checks in the mail" routine.

Tenants know the rent is due on the 1st. They need to make the payment such that it is mailed by the bank in time for a due date of the 1st. As an owner I have to do this for my mortgage payments, my property taxes, etc. I know it will cause me a late fee and/or a hit on my credit to get it wrong.

If the rent is arriving 3days late...tell those tenants to go back to their bill payer and set the schedule on the rent check to mail 3 days earlier. Duh. And make it stick by charging the late fee. This is totally in the control of the tenants

But..mostly, you are getting a line from you tenants.

And...why should you pay any percentage of your rent to anyone (PayPal, etc)?

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