Posted by JimM on June 23, 2005 at 19:07:32:
Thank you; good advice and something to think about. My logic is that if they are short on cash for rent, instead of making a late payment, they can put it on a credit card (I’ll leave the moral argument for others)and I get paid.
I am pretty new at this (two years) and am in a nice central oh college town and haven’t had disputes yet, keep my places nice, and figured that wouldn’t be a problem. The more I think about it, that is a naive and risky attitude.
I may still try it on a limited basis, but see if I can build in some protection. I am building a tennant web site and want on-line payment options. I am also hoping it will push communications and repair requests to an email/on-line format, as well as provide pictures of available properties to reference with paper adds.