Open an account at a local bank (to her) where she can go make payments.

Jan 12, 2021
12:13:58pm

Troy McClure All-American

IOW an account in the name of the property that she can deposit into but that you own (she can deposit into but can't access funds, transfer, etc.)

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Troy McClure

Previous username: UneducatedFan
Bio page: Troy McClure
Joined: Sep 17, 2007
Last login: Apr 12, 2024
Total posts: 71,338 (4,650 FO)

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Messages

Author

Time

We inherited a renter in the property we bought recently. In here original

kotacoug

1/12/21 12:02pm

I use Zelle with the tenets in my MIL condo. I like it a lot.

Ycrazy

1/12/21 12:03pm

Requires a bank right?

YIsForBrigham

1/12/21 12:04pm

I believe so. I got it through Wells Fargo where my MIL banks.

Ycrazy

1/12/21 12:06pm

Correct. Both parties need to have a checking account at a bank or credit union

Jeff Spicoli

1/12/21 12:07pm

What about Western Union?

Mikey

1/12/21 12:07pm

Good option. She goes to any outlet that offers Western Union, gives them cash,

hamaca

1/12/21 12:12pm

RE: We inherited a renter in the property we bought recently. In here original

Jfly1975

1/12/21 12:13pm

Open an account at a local bank (to her) where she can go make payments.

Troy McClure

1/12/21 12:13pm

She has a history of fraud.... any concern about her getting ‘access’ to that

kotacoug

1/12/21 12:18pm

You can work with the bank to make sure it's not possible.

Troy McClure

1/12/21 12:19pm

Also set notifications for any movement on the account

Troy McClure

1/12/21 12:27pm

You could offer her a month’s rent to leave.

hamaca

1/12/21 12:14pm

Yep id pay her to leave

YIsForBrigham

1/12/21 12:37pm

We’ve tried. She declined $4000 from seller when we purchased the property

kotacoug

1/12/21 12:47pm

i give my renters deposit slips and let them pay how they want to the bank

CougarBuddy

1/12/21 12:39pm

I have a few friends who, for a reasonable cut, will be willing to “guarantee”

hamaca

1/12/21 12:48pm

We just use Venmo

cornellcoug

1/12/21 12:49pm

She won’t use Venmo because she doesn’t want it to show that she has

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