Posted by Darren (MA) on November 03, 1998 at 06:00:06:
Section 8 is kind of hit or miss and I’m sure you’ll hear stories from both sides. I’ve had great luck with my Section 8 tenant. He’s probably my most conscientious tenant, but I’m not looking to bring in any more Section 8s just because of this good experience. I know it’s important to have the rent check sent right to you, but any good tenant will see to it that they get their rent checks to you on time as well.
Here’s what I do to collect my rents, and I’ve found that it works really well. Whenever a tenant moves in, I’ll give them 12 stamped envelopes addressed to my PO Box with the name of my Trust on them. I’ve assured my tenants that if their rent checks are received prior to the first that they won’t be deposited UNTIL the first. This system has worked well for me. I usually have everyone’s checks somewhere between the 30th and the 3rd.