The Hidden Danger Lurking in Your Rent Collection Strategy That Could Cost You Big — Are You Prepared?
Here’s the full list of states that require rent receipts, in case you’re wondering if this is one of those “other people” problems. Spoiler: It probably isn’t.
Why This Matters for Investors
When you own one rental, you can get away with being scrappy. When you own five, you need systems in place. And when you own 20, you need automation.
However, no matter how many properties you have, collecting rent manually is like driving cross-country with no GPS and hoping the map in your glove box is up-to-date.
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