Posted by Bud Branstetter on November 24, 1998 at 15:02:33:
My understanding is that banks prefer to do drafts for businesses. While you can do a EFT they will charge more than it is worth. I have an account set up with a bank that has numerous branches. Keep your amount for each property unique so you can tell with audio response who put what in on what day. Have hefty late fees and train them not to be late. Jeff Taylor describes how he will call the persons boss and say it’s an emergency that the tenant call you. Shame them into paying on time. It’s all part of the training.