Question 1

Should I pay my rent in cash?

Accepted Answer

If you pay your rent in cash, you must be immediately provided with a receipt from your landlord or property manager. Cash is not recommended as a payment method for several reasons. Two reasons are that it is easy to dispute the amount paid, and it is time-consuming to document.

Question 2

Is it safe to pay rent online?

Accepted Answer

Online payments are safe and secure if you choose the right payment system. When you pay rent online through your bank or through a rent tracking system, you can rule out the safety concern of cash or cheques being stolen. Through this method transactions are being recorded on both the landlord and tenant's rent statements. So in the case of an insurance claim, it is safer to pay online as you can go here for an immediate record of payments

Question 3

How do you collect rent from a tenant?

Accepted Answer

The best method for you will depend on your personal preferences. First answer these questions, then read our tips on the best method to ensure you're getting paid on time, every time.rnHow many tenants do you have?rnHow many rental properties are you collecting rent for?rnAre you living near your rental properties? rnAre they driving distance? OR are they in a different country?rnAre you tech-savvy?rnWill you collect rent weekly or fortnightly?

Tag automatic payments

Different methods of collecting rent – the rise of automated rent payments