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- #31
Do you use ACH for collecting rents?
I switched to that about 10-12 years ago and it has been a lifesaver for both me and my tenants. (especially now that I live out of the country) I can collect all rents in about 5 minutes with no trips to the bank for deposits. The tenants love it too.
Hey, sorry it took me a while to get back to you. ACH works OK for the higher end and mid-range stuff but occasionally you'll work with lower end properties that have a lot of tenants who can't do that. They aren't bad tenants, they just still prefer to drop off cash. It's for a million different reasons but if it's because they're skipping out on child support or it's drug money we don't deal with them.
But yes, ACH is awesome. Just remember that you have to have a way to turn it off on a moments notice. Here in AK, if I accept even a penny after we start going into eviction I have to start the whole process over. The way the courts see it, I just accepted a partial payment and we're starting all over. Talk to your attorney and double check it won't bite you if you need to evict
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