The Hidden Danger Lurking in Your Rent Collection Strategy That Could Cost You Big — Are You Prepared?
Because here’s what happens when you let rent payments live in the Wild West:
- You get blamed when tenants forget to pay.
- You have no legal record of payment if things go sideways.
- You can’t prove when a payment was received or processed.
- You constantly play the role of “rent cop” in your own business.
And let’s not forget that in some states, you are legally required to provide a rent receipt for each payment. That means if you’re collecting cash or letting Zelle handle the transfer, you might already be out of compliance.
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