8 Best Ways for Landlords to Collect Rent

8 Best Ways for Landlords to Collect Rent

Last Updated: November 29, 2023 by Jessica Menefee

The best way for a landlord to collect rent is to accept payment methods that are convenient, universal, and most likely to result in on-time payments.

How To Determine the Best Way To Collect Rent

Determining the best way to collect rent may vary from person to person. Here are a few questions to consider:

  • How big is your rental portfolio? – If you only have a few homes to collect from, collecting cash or check in person may be fine. However, if you have twenty renters to collect from, picking up in person would be time-consuming and likely unrealistic.
  • Which options are best for you? – Depending on your business style you may prefer to do things old-school and collect cash/check payments or maybe you like the paper trail of online payments. It’s important to consider which option works best for your preferences.
  • Which option is best for your renter? – Landlords also need to consider the preferences of their tenant(s). Approximately 61% of millennials and 42% of seniors pay their bills online. Paying a bill online with their preferred method of payment is much more convenient than heading to the bank to get cash or a cashier’s check.

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8 Ways To Collect Rent as a Landlord

Here are the top 8 ways to collect rent as a landlord.

  1. Payment Apps
  2. Rent Collection Software
  3. Direct Deposit
  4. Cash
  5. Check
  6. Mail
  7. Drop-off Box
  8. Property Manager

1. Payment Apps

There are several online options tenants can use to pay rent. It is a great option for those who have a smaller portfolio. Just be aware of any fees the tenant or landlord incur in the process.

Apple Pay

Apple Pay is a convenient option for many iPhone users. Money can be easily sent by a credit or debit card from your phone in a text message. This would allow both the tenant and landlord instant confirmation of the payment and how much was paid. However, the app doesn’t automate payments or stop partial payments.

There are no fees to send or receive money from Apple Pay.


Zelle partners with mobile banking apps (or has their own app) to help people send money quickly. Most transfers happen in minutes and Zelle doesn’t charge fees.

However, Zelle isn’t built for rent payments. There is a maximum transfer of $5,000 a month, so depending on your portfolio size, it may not be the best option. It is important to be cautious that a tenant could pay only a partial rent payment.


Venmo offers an app to send and receive money. It doesn’t charge for user-to-user payments, but it does charge approximately 2% for business transactions.

Transfers happen in 1-3 days or you can pay a small fee for an instant transfer. However, it doesn’t offer a way to send automatic or recurring payments. It also doesn’t stop tenants from sending only a partial payment. Money can also be sent accidentally (via user error) to the wrong person – with no way to get it back.

With a transfer limit of $2,999 per week, this may still be an option that works for you.

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PayPal is a user-friendly app that only requires an email address or phone number to send money. Tenants can pay with a debit card, credit card, or link a bank account. They can also set automatic payments.

Landlords can use a business account which allows for transactions up to $10,000. However, the service charges a transaction fee of approximately 3% to receive funds.

Again, this service can be used for rent payments but it doesn’t offer features to collect late fees or stop partial payments.

Cash App

Cash app is an easy-to-use instant digital payment option. Both the landlord and tenant will need to have the app and can send money with a phone number, email, or $cashtag.

There are no fees to send or receive money. Users can receive up to $25,000 per direct deposit and up to $50,000 in 24 hours.

 2. Rent Collection Software

Several property management websites offer online payment portals for landlords and tenants. These services allow landlords with bigger portfolios to easily collect rent without a ton of oversight. Rent collection software systems often have a fee for landlords but offer many perks including:

  • Payment reminders
  • Instant payment records and receipts
  • Reduced payment errors
  • Ability to add late fees or prorated rent prices
  • No limits for sending/receiving money

A few options include:

  • Zillow Rent Manager
  • Avail (Realtor.com)
  • Apartments.com

Zillow Rent Manager

This platform allows landlords to collect rent payments online and have the money deposited into their bank account. Tenants can set up autopay options which can help ensure you get paid on time, every time.

This service is free for landlords. Tenants are charged 2.95% for credit cards, $9.95 for debit cards, and $0 for ACH (bank transfers).

Zillow Rent Manager also offers free rental listing posts, tenant screening, rental lease signing, and more.

Avail (Realtor.com)

Using Avail’s landlord software, landlords can request payments from tenants using their email address. The money is then directly deposited to the bank account of your choice. You can also request a security deposit or other fee.

Their unlimited plan is $0 and tenants using credit/debit payments pay a 3.5% fee or $2.50 for a bank transfer. The Unlimited Plus plan is $7 per month per unit and doesn’t charge any additional fees.

They also offer tenant screening tools and simple lease signing software.


The Rental Manager from Apartments.com offers a free rental collection service to landlords. You can bill tenants for rent payments, repairs, security deposits, and late fees.

Tenants can make payments for free from their bank account or pay a 2.75% fee to pay with a credit or debit card.

Their services also include a rental application portal, tenant screening, online rental leases, and more.

3. Direct Deposit/Debit

Landlords can also request direct deposit from their tenants. This route requires the tenant or landlord to give their bank account and routing numbers as well as their written consent to insert/take money from the account.

A direct deposit, also referred to as an ACH payment, is set up to be recurring to help ensure that rent is paid on time every month. However, these payments can take a few days to hit your bank account.


Some tenants may hesitate to give out their banking information. Landlords must also be cautious if they give out their banking information as money can be taken out using the account information.

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4. Cash

Many landlords like to receive rent payments in cash. It is easy to get, easy to account for, and unlikely to be fraudulent.

However, cash does have a few downfalls. Unless the tenant hands you the money and you count it in front of them, there is no way to prove how much was given to you. A tenant could also claim they gave you a rent payment in cash but never actually did.

If you do choose to collect cash payments, it is essential to count the money with the tenant and provide them with a receipt. This is likely only a good option for those with a small number of properties where you can collect rent in person.

5. Check

A check may be an easy and effective way to collect rent. Landlords can collect a certified check, cashier’s check, or money order in person or a drop box.

A certified check, cashier’s check, and money order are all available from a bank. A cashier’s check or money order is the most reliable as the funds are insured. A certified check is proof that the funds are available when the check is written, but if other bills are paid after the check is written but before you cash it, it may not be available.


Accepting a personal check can be a risky move. Even if you know the tenant, there is no way to verify if the tenant has the money until the check is cashed and cleared. If you decide to accept a personal check, do so with caution and always double-check the dates.

6. Mail

Some landlords and tenants prefer to mail rental payments. This can be convenient if you do not live close to your rental property.

However, be aware that an estimated 3% of mail is lost by the US postal service and mail theft increased by 600% between 2017 and 2020.

Landlords also have to wait for the mail to arrive. If tenants wait for the due date to mail their checks, it may take several days to receive and deposit the funds.

7. Drop-off Box

Landlords who own several properties or apartment communities may provide a secured drop-off box near the property office. Tenants can drop their payment when it is most convenient for them.

However, you would need to consistently check the box and document the day each payment was received. This can help you to avoid theft and keep track of any late payments.

 8. Property Manager

If you employ a property manager, rent collection can be one of their assigned duties. Depending on the number of units, they can collect rent in person or through other methods. Just be sure that they keep accurate records of the day, time, rent amount, and method of payment.

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How To Ensure You Get Paid as a Landlord

  • Set Expectations on the lease – When your new tenant signs the lease, it is essential to explain how and when rent is collected. Discuss rent policies and let them know what day rent is considered late, and what to do if the due date is on a weekend or holiday.
  • Explain what happens if payment is late – Many landlords offer a grace period for rent payments, so if rent is due on the 1st, it must be paid in full by the 5th. However, if there is no payment made, most states allow landlords to collect late fees if rent isn’t paid by the 5th day of the month (if rent is due on the 1st).
  • Explain the detailed process if rent isn’t paid – This may include a “pay-or-quit” notice and filing an eviction action if they don’t pay. Landlords can also offer a cash-for-keys deal to avoid a costly eviction.
  • Offer automatic payment options – Landlords can also offer or request tenants pay via automatic payments. This helps to ensure a tenant doesn’t “forget”.
  • Give the tenant a copy of payment policies and procedures – Offering a physical and emailed copy of the payment policy and procedures can ensure the tenant has something to refer back to in case they forget. Be sure to include the rent price, where to pay, and when to pay it as well as any instructions for downloading/logging into an app (if applicable)
  • Don’t make it difficult – This may seem obvious but keep the payment process simple and consistent. Changing methods of payment or due dates can be confusing, so keep the policy and procedures the same throughout the life of the lease.