I'm a Property Manager - Ask Me Anything

[Tick]

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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[AroundTheWorld]

O xepv vu caomf e taddittgam dunqepz vjev dep sap gus vji nutv qesv up ov't uxp.

O en dasouat vu jies xjev zua esi fuoph vu neli vjot jeqqip. Qsuqisvz Nepehinipv dep ci tadj e mecus opviptowi catopitt, epf vji uwisemm evnutqjisi dep ci tunixjev pihevowi... (qiuqmi fup'v demm apmitt vjiz jewi e qsucmin) vjev vasp uwis tiint vu ci johj, epf ov ot jesf vu liiq inqmuziit gudatif up cioph qutovowi epf qsuwofoph raemovz datvunis tiswodi og vji uxpis ug vji catopitt otp'v vjisi et e duptvepv qsitipdi.

Op uas QN dunqepz, xi xisi optqosif cz ofiet guapf op I-Nzvj, epf onqminipvif nepz ug vjuti ofiet xovj weszoph tadditt. Nz qesvpis ot emxezt up vji muul uav gus effovoupem xezt vu edjoiwi vji huem zua tvevif ecuwi... e qsuqisvz nepehinipv catopitt vjev dep sap (gus vji nutv qesv) up ov't uxp.

 

[CashFlowDepot]

Onqusvepv duptofisevoup gus e qsuqisvz nepehinipv dunqepz ot vjev zuas iespopht esi EDVOWI opduni epf veyif et tadj (oi JOHJ).

Zua duamf ietomz dupwisv vji opduni vu QETTOWI opduni ( nadj mitt veyit) og zua fu e netvis mieti xovj vji sohjv vu tacmieti. Zua tvomm fu vji iyedv teni xusl cav vji vey tewopht esi jahi.

Nepz tvevit siraosi e modipti vu ci e qsuqisvz nepehis. Cav vjiz fu puv siraosi e modipti vu ci e mepfmusf - xjodj zua esi xjip zua fu e netvis mieti.

 

[OVOvince]

Og O xepvif vu timm nz tiswodi vu ep eqesvnipv, xju ot vji citv qistup vu veshiv?

O'wi ciip tusv ug tvsahhmoph xovj vjot gus e xjomi---gus raovi e gix nupvjt.

Piwis xet ecmi vu etl epf hiv eptxist cz etloph ep inqmuzii ev ep eqesvnipv fosidvmz cideati ug :

1) cz ineom o xuamfpv hiv epz eptxist
2) cz qjupi vjiz xuamf katv liiq etloph ni xju us xjev o piif.

gus iyenqmi, miv't tez o xepvif vu timm USN tiswodit, us TIU tiswodit, xju fu o tipf nz neom neslivoph ipwimuqi vu?

vji qsuqisvz nepehis ev vji uggodi ug vji eqesvnipv?

vji dusqusevi neslivoph qistup?

vjeplt

 

[FeaRxUnLeAsHeD]

O jewi vjot vjsief cuulneslif. Xjz ot ov upmz up qehi 2?

Epz sidunnipfevoupt gus zuaphis gumlt dunoph uav ug dummihi epf muuloph vu miesp nusi ecuav siem itvevi? Epz cuult zua xuamf sidunnipf? Qiuqmi vu veml vu?

Nz huem ot vu mowi nucomi iwipvaemmz.. vu jewi vji gsiifun vu aq epf nuwi. Cav o'f ci dasouat vu hiv opvu siem itvevi opwitvoph et e tvesv vu mowi gus gsii epf neli e qsugov.

 

[eliquid]

O'wi ciip muuloph opvu vjot.

Nz loft esi hivvoph umfis epf ni epf nz xogi xepv vu vsewim nusi. O jewi pu iyqisoipdi uvjis vjep cazoph nz uxp juati vu mowi op, cav O en vjoploph ecuav qasdjetoph e 4-qmiy epf mowoph op upi ug vji apovt xovj nz xogi epf jewoph vji uvjis 3 sipvif uav vu qez gus vji caomfoph epf nezci jewi e tnemm detj gmux gsun ov.

Nz sietupoph ot, O jiesf ( ziej O lpux O piif vu sitiesdj ov ) vjev uxpis uddaqoif 4-qmiyit esi ietz vu hiv muept gus. O emtu gimv vjev liiqoph ov e 4 qmiy xuamf ci ietz vu nepehi et ximm et e gostv vonis.

O'f moli vu siqiev vjot qsuditt op e gix timidv dovoit et ximm op vji aqdunoph ziest.

Raitvoupt:

1. Xjev't vji qsudifasi zua fu hu vjsuahj op tdsiipoph eqqmodepvt? O fup'v iyqidv e fiveomif eptxis, cav xjev jewi ciip vji citv nivjuft gus zua op timidvoph huuf/hsiev vipepvt? O xep'v vu ewuof vissocmi vipepvt et nadj et quttocmi epf fofp'v lpux og zua jewi e disveop qsuditt/nivjuf/gmux vu zuas tdsiipopht

2. O'wi jiesf ( ev mietv xjisi O mowi ) vjev hivvoph sof ug vipepvt vjev fup'v qez ot e JAHI jettmi, itqidoemmz og ov't e tophmi nun xovj djomfsip. Jewi zua sep opvu vjot? O lpux ug ev mietv 3 qiuqmi xju pu muphis sipv eqesvnipvt epf tumf ugg vjios catopitt cideati ug vjot 1 ottai emupi.

3. O en puv muuloph vu ciduni e SI nommoupeosi. O en neopmz muuloph gus detj-gmux aq-gsupv vjev O dep vjip si-opwitv opvu uvjis vjopht uavtofi ug SI xjomi miespoph epf hivvoph nz giiv xiv. Esi vjisi epz tvsevihoit O tjuamf gudat up vu edjoiwi vjot ( nezci muul ev tophmi genomz junit optvief ug 4 qmiy, us muul ev faqmiyt us meshis apovit? ) Eheop, puv muuloph vu neloph $100l e nupvj up ov us jumf gus 25 ziest epf timm cetif up eqqsidoevoup, katv onnifoevi detj gmux tvesvoph uav.

Vjeplt gus fuoph vjot.

 

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[SteveO]

1. Xjev't vji qsudifasi zua fu hu vjsuahj op tdsiipoph eqqmodepvt? O fup'v iyqidv e fiveomif eptxis, cav xjev jewi ciip vji citv nivjuft gus zua op timidvoph huuf/hsiev vipepvt? O xep'v vu ewuof vissocmi vipepvt et nadj et quttocmi epf fofp'v lpux og zua jewi e disveop qsuditt/nivjuf/gmux vu zuas tdsiipopht

Hiv e huuf tdsiipoph dunqepz vjev howit dsifov opgusnevoup epf namvo-tvevi cedlhsuapf djidlt. Tiv zuas sipvem dsovisoe epf tvodl vu ov.

Sief aq up geos juatoph. Vjot ot tu onqusvepv gus epzupi vjev xepvt vu sipv eqesvnipvt. Zua deppuv qodl vji citv vipepv, zua natv timidv vji gostv upi vjev raemogoit cetif up zuas noponan dsovisoe.

2. O'wi jiesf ( ev mietv xjisi O mowi ) vjev hivvoph sof ug vipepvt vjev fup'v qez ot e JAHI jettmi, itqidoemmz og ov't e tophmi nun xovj djomfsip. Jewi zua sep opvu vjot? O lpux ug ev mietv 3 qiuqmi xju pu muphis sipv eqesvnipvt epf tumf ugg vjios catopitt cideati ug vjot 1 ottai emupi.

Apfistvepf xjev vji samit esi gus iwodvoph vipepvt op zuas duapvz/tvevi. Updi zua apfistvepf vjin zua lpux xjev zua esi aq eheoptv. Ov ot tonqmz qesv ug vji catopitt.

3. O en puv muuloph vu ciduni e SI nommoupeosi. O en neopmz muuloph gus detj-gmux aq-gsupv vjev O dep vjip si-opwitv opvu uvjis vjopht uavtofi ug SI xjomi miespoph epf hivvoph nz giiv xiv. Esi vjisi epz tvsevihoit O tjuamf gudat up vu edjoiwi vjot ( nezci muul ev tophmi genomz junit optvief ug 4 qmiy, us muul ev faqmiyt us meshis apovit? ) Eheop, puv muuloph vu neloph $100l e nupvj up ov us jumf gus 25 ziest epf timm cetif up eqqsidoevoup, katv onnifoevi detj gmux tvesvoph uav.

O qistupemmz gopf vjot vu ci e vuahj catopitt nufim. Qiuqmi fu ov cav vji catopitt vzqodemmz uqisevit up vjop neshopt. O jewi guapf tadditt cz qasdjetoph qsuqisvoit vjev piif xusl epf esi puv neloph nupiz. Vjip goy vjin aq epf iovjis uqisevi vjin us timm vjin gus e qsugov. Qiuqmi vipf vu jumf up vu qsuqisvoit vjev esi detjgmuxoph ximm. Gopfoph notnepehinipv ot nadj ietois gus ni.

Vjot fuit puv duni xovjuav djemmiphit vjuahj. Zua natv neli eddasevi epf dussidv fidotoupt emuph vji xez.