Rent collection, security deposits, application fees and card costs on large payments.
Rent paid by card is a large ticket every month; ACH is far cheaper.
Whether you can pass card fees to tenants depends on local law and card rules.
ACH is the cheapest way to collect rent. A tenant portal with autopay helps.
Some tenants want to pay by card. Passing on the cost is limited by local law and card rules; check current rules where your properties are.
Application fees are small card payments online. Deposits may be regulated; check local rules.
ACH payments can be returned for insufficient funds days later; plan for that.
Yes, usually much cheaper.
It depends on local law and card rules; check current rules.
It can be returned days later; your lease terms should cover it.
Yes, through a portal.
Everyone else in this industry says twenty-four hours. We say four — and if that is still too slow, pick up the phone and get your numbers while you are on the call. No contract, nothing to cancel, no pressure.