Posted by Dirk Roach on May 02, 1999 at 08:34:51:
Which you can then transfer the funds at a date (Which you keep to yourself) via the internet. Many banks and credit union are online.
It seems to me if I had a “Rent account” that this would work. Also if it were me I would charge an additional 15 dollar “processing fee” for tennets to have the privialedge of doing that.
Also why not set up an automatic withdraw from their account into yours, your seperate “rent colleted account”. I know that many companies do this (phone company, insurance, auto payments etc).
Also I wouldn’t play this opprotunity as a punishment, but rather as a modern convience.
As for depositing money into someones account being difficult, it certainly isn’t if you set it up before hand. I know that Direct Deposit is pretty popular now, and that is done pretty much everywhere.
Personally I do not think that this would go over that well with all of my mobile home buyers, as many do not even have bank accounts and use money orders. But if I were renting a mid to upscale property why not?
Also a thought comes to mind is your stance with your tennets mindset. If you come across looking like a professional company, I’m sure that your local deadbeat is going to think that you also have a legal department and a floor of lawyers ready at a drop of a hat. Not a bad image to have in rentals, I should think.
It seems to me that if I were a “con-man or a dead beat” I would target or at least feel that I could get away with more with some small mom and pop opperation.
In my mobile homes I do play it small on the sale side of it, but once I have them in I think that many are amazed at the “size” of the company. Heck they really think twice after that first late letter from the “legal or collections” department. lol. However in reality that “department” is just little old me.
Just some thoughts,