The Hidden Danger Lurking in Your Rent Collection Strategy That Could Cost You Big — Are You Prepared?
And without a system, you don’t have a business. You have a hobby that can be expensive when things go wrong.
The Weirdest Rent Payments I’ve Ever Received
Over the years, I’ve received rent through:
- An envelope taped to the underside of a grill cover
- A Cash App transfer that was 92 cents short, with a pizza emoji in the memo line
- And once, a money order was delivered four days late because the tenant’s “aunt forgot to mail it.”
And I’m not even a property manager with hundreds of doors. I’m a hands-on investor who just made the mistake of trying to be too casual with something that needs to be very not casual.
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