The Hidden Danger Lurking in Your Rent Collection Strategy That Could Cost You Big — Are You Prepared?
If you’re a landlord or investor still relying on Venmo, Cash App, Zelle, checks, or cash to receive monthly payments, let’s have an honest conversation, because it’s not just outdated. It’s dangerous.
The Illusion of Control
DIY rent collection gives you the illusion of control—right up until a tenant texts you, “Hey, can I pay half now and the rest on Friday?” or claims they “definitely sent it,” and you’re staring at a bank balance that says otherwise.
Venmo might be great for splitting dinner, and Zelle might be convenient for sending your friend gas money. However, they were not designed for recurring rent payments, legal accountability, or operating a professional business. There’s no audit trail. No enforcement. No system.
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