• Articles 55
• Votes 41

Kevin Nalley

Recently I received an e-mail from PayNearMe they will not accept re re re re payments through the Family Dollar at the time of August tenth. That will leave me personally with Ace money Express since you can find no 7-11’s in Louisville, KY. My tenant went into Ace and was told they are closing down in July (I called to confirm) today. Ugh, this system have been working very well as yet.

Does anyone else recognize of the solution like PayNearMe? I am researching info on renters making deposits during the neighborhood bank, but i am unsure i am too interested in that concept. Banking institutions seem to frown upon that. I do not like cash sales plus the system that is postallost within the mail). I personally use Cozy.co for bank accounts to my tenants.

• Articles 689
• Votes 513

Andrew Kerr

@Kevin Nalley that is clearly a bummer. The email was got by me about Family Dollar but did not understand ACE express is backing down too. No 7 11’s in my area and so I feel your discomfort.

• Articles 55
• Votes 41

Kevin Nalley

I simply contacted Ace Cash Express office that is corporate they stated ACE is shutting straight straight down each of their stores in lot of states, Kentucky, Washington, Idaho, Nebraska, and some other people. PayNearMe support should not be conscious of this, whenever we informed them the shop closest to my rentals had been shutting, they provided another shop within my town.

• Articles 1.4K
• Votes 669

Linval T.

You are felt by me discomfort. That happened certainly to me later a year ago when another provider exited.

Currently, i personally use for my renters.

It is possible to touch base with me when you yourself have extra concerns.

Setup can be achieved sameday.

• Articles 55
• Votes 41

Kevin Nalley

I am pleased with Cozy.co for checking accounts to my tenants. The location we lease in has many individuals without bank records, i want a spot in order for them to spend lease with money. We looked over erentpayment, as well as a glance that is quick it doesn’t appear they offer that service.

• Posts 397
• Votes 160

Rick S.

I am pleased with Cozy.co for my tenants with checking reports. The location we lease in has many individuals without bank records, i want a location to allow them to spend lease with money. We looked over erentpayment, and also at a glance that is quick it will not appear they offer that service.

This is certainly Rick with eRentPayment as a good choice you can expect for renters without a banking account would be to set a NetSpend up prepaid credit card as they possibly can enter that like a banking account in our system.

Only a few prepaid cards allow ACH/eCheck debits and this is the main one we suggest with your solution. After the tenant has got the card NetSpend will provide the routing quantity and account number to utilize the card like a banking account within our system.

• Articles 2.1K
• Votes 1.0K

Tom S.

I have constantly had my renters deposit directly into no issues to my bank account for over ten years now. My bank really likes it, since In addition have actually the mortgages using them, so it is effortless whenever trying to get a brand new mortgage or perhaps a refinance, to report the leasing earnings.

• Articles 1.4K
• Votes 669

Linval T.

Hey Rick, thank you for the additional details. Frankly, I was not conscious of that selection for the usage money.

It is not a presssing problem with my renters at the moment, but, i am going to take note of it and tell them in situation they would like to use this function too.

By the real method, they love this solution!

• Articles 55
• Votes 41

Kevin Nalley

I’ve consulted with a few neighborhood investors and my real-estate lawyer. Inside our area, we now have judges that may force you to definitely restart an eviction procedure if your tenant puts merely a $5 into the banking account once you have began to take them of. Regrettably, i might need to return back to cash requests and mail.

Needing renters to have a prepaid card that charges costs, then signal as much as a lease re re re payment solution to cover lease is simply too much for the money tenant that is paying. Some are becoming confused over a less procedure that is complicated. I might hate walking a tenant throughout that procedure every time We lease a spot. I’m certain your solution is fantastic for a tenant accountable adequate to keep a banking account.

• Posts 1.6K
• Votes 1.5K

Bob B.

I have consulted with a few neighborhood investors and my estate that is real lawyer. Inside our area, we’ve judges which will force you to definitely restart an eviction procedure in case a tenant puts merely a $5 into the banking account once you have started initially to take them off. Regrettably, i might need certainly to return back to cash requests and mail.

If an eviction is started by you merely have actually the account blocked never to enable deposits which will re re solve the difficulty.

• Articles 55
• Votes 41

Kevin Nalley

Which will work it would block all tenants from making a deposit if I only had one bank account per property, otherwise. I have seen the place where a people that are few mentioned they usually have numerous records, payday loans Alaska but in my experience, going to the bank and starting 20+ records, then staying in touch along with those accounts, appears like a lot more of a frustration than it is well well well worth. I happened to be searching for a direct alternative to PayNearMe, but feels like these are typically a “one of a sort” service now.

• Articles 1.6K
• Votes 1.5K

Bob B.

Starting and maintaining numerous records is simple. We just call my rep at Wellsfargo in which he takes care of it. We bill spend every thing and printing out a yearly declaration for fees that displays all rents and costs linked to the home. We additionally create mortgage repayments, fees, insurance and HOA become automatic and so I never skip a repayment.

• Articles 1
• Votes 1

Jeanette Gretsch

Aren’t getting me started on Wells Fargo. We’d a merchant account put up with WF where in actuality the renters could deposit straight into the account. We’d an issue as soon as the tenant got confused while the teller got confused and place the funds when you look at the incorrect account. This delivered up a red flag therefore we went along to Wells Fargo and utilized a deposit just card to at least one) look at the balances in every our records after which 2) create a withdrawal through the banking account. We handled this having a card that based on Wells Fargo ended up being arranged for deposit only. Of course we shut the account – that they then took a deposit in to the shut account. Whenever informed associated with the nagging issue they stated “oh, allow me to explore that.” They returned to us a couple of months later on to inquire of us the way they had resolved the nagging problem(that they hadn’t). WF is terrible.