The Hidden Danger Lurking in Your Rent Collection Strategy That Could Cost You Big — Are You Prepared?

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This article is presented by TurboTenant.

There was a time when I thought I was doing just fine collecting rent. I had tenants sending me money through Zelle, dropping off checks like I was a bank branch, and one guy handed me an envelope full of $20 bills at a gas station, as if we were doing a bad rendition of Breaking Bad.

That’s when it hit me: I was running a real estate business, but I was collecting rent like someone selling concert tickets on Craigslist. And in the real estate game, the way you collect money is just as important as how you make it.

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