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Landlords Make the Transition from Checks to Online Payments for Rent

Landlords Make the Transition from Checks to Online Payments for Rent

Breaking News, Business Solutions, Payment Processing, Tech
INTRODUCTION Paying rent with checks is now considered a thing of the past. Gone are the days when you have to physically meet the tenants, get their checks, and deposit them every month. Things have changed now. With the advancement in technology, the notion of paying rent through checks has transitioned to online payments. Most landlords have converted to online payments and Automatic Clearing House (ACH), which is a way of transferring money electronically to different accounts from one bank to another bank. ACH/ONLINE METHOD According to a survey conducted by SmartMove, payment problems are a top concern for landlords. From calling the tenant to paying rent –to- giving notices on late payments and more, the whole process is timely and can take a toll on them; But things h...