Electronic Rent Payment - Nail Website
Hi folks, After signing a contract, the current landlord to my tenants mentioned that the post dated checks that he was offered for rent payments in advance would bounce from time to time. When he contacted the tenants, they would rectify the situation and pay up itseems. On asked if he did assess a bounced check fee, he acknowledged that he never worded it in his contract. I have a $35 bounced check fee and a $50 admin fee for late rent payment. I wanted to have more control. I plan to use the national association of independent landlords for the automatic rent payment and monitoring. Doing so will build the credit for the tenants as well as damage it if the situation warrants. It will also make eviction decisions easier. Any good or bad experience about this firm. I need to make a decision tomorrow before the tenants move in and prior to getting their post dated checks. This is my first rental. So still in the learning phase. Thanks Krish
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Your ability to do this may depend on the duration of your leases, but you might consider ammending the lease so that the utility cost is divided among the tenants. I do this with some of my water bills.
Please Help here guys. I have a dilemma here!
Thanks!
Jeff
Thanks to everyone that posted! I am still researching it should find something out soon.