I have a very resourceful friend who can squeeze a buffalo off a nickel and give you change back. He decided a long time ago he could manage his own residential property. We affectionately call him Larry the Landlord around the office. Well anyways, Larry came in to see me today quite upset. I asked him what was the matter.
“They just stole my whole rent payment”, he said.
Shocked, I asked “Who stole your rent payment Larry?”.
“The guys who just robbed the liquor store”, he retorted with a bit of trepidation.
Puzzled, I inquired, “How can the guys who just robbed the liquor store steal your rent payment?”
“I take the rent check I get from my tenants to the liquor store to get it cashed so I don’t have to pay monthly service charges at the bank, and just as the clerk handed me the $2,000 cash, a guy whips out a pistol and demanded the cash from me and the store clerk”, he gasped and added, “now I can’t make the mortgage payment this month!”
My advice to you, Don’t be like Larry. RPM Executives or any good Santa Clarita property management company can collect rent faster with online payment options. Modern residents expect easy, online payment options. We give residents convenient ways to pay electronically ( E-check or with a credit card). This means you will be paid faster and more securely. New functionality provides our team the ability to deposit funds directly into your bank account. No more waiting for a check in the mail.