The Hidden Dangers of Using Cash Apps to Collect Rent

Send us Fan MailAccepting physical checks for payment is becoming a thing of the past.  Many landlords looking to replace this method without increasing expenses have considered using cash apps such as Zelle, Venmo, or Paypal.  However, where these apps make receiving rent very cost effective and convenient, they are risky.  In this episode we are discussing these risks and why landlords should NOT accept cash apps for rent payments.Of course, we do advise you on what the better options are for you to operate a secure, professional rental property business. LINKS👉 Rent Reporters: According to TransUnion, 70% of tenants are more likely to pay rent on time if their payments are being reported to the credit bureaus.👉QuickBooks Online Accounting Software We use QuickBooks daily in our rental property business!Take advantage of 30% off your first 6 months of QuickBooks Online using our exclusive Business Affiliate link.👉 TurboTenant: Is a great option for landlords with just a few doors or for those who may be new to using rental property software.  👉 DoorLoop: Founded by property managers and landlords who wanted to save time, make more money, and grow their portfolio’s.👉 Hemlane The software that is built to grow with your needs as a landlord. 👉 Avail: A great alternative when searching for a rental property management software.  Use this link to receive a $50 credit towards your fees!👉 BiggerPockets: Pro members get the use of RentRedi landlords software for FREE.👉 Help other DIY landlords discover what we have to say… Please leave us a review of our podcast!  Connect with Us: 🌎 Visit our website 📧 Subscribe to our newsletter.👆 FREE Landlord Forms and Doc’s🤳Text Us: 650-489-4447📩Email us at: [email protected], [email protected] ➡️ Give us a review: Apple or on Spotify or YouTube ✔️Course Waitlist📱 Instagram, Facebook, &  Private Facebook group