When a tenant makes a manual rent payment and it is the correct amount, they have no chance to claim fraud on their account.
Non-Sufficient Funds is possible but rare (just like a bounced check). We charge the tenant a $40.00 fee for this as the payment system will charge us. Late fees must be applied manually by the landlord in the system.
We appease this situation by not offering an automatic recurring rent payment.
- We believe if a tenant makes a manual rent payment each month they are conscious of their recent bank balance lessening the chance of a Non-Sufficient Funds accident.
- Too many tenants live paycheck to paycheck and are bad at managing money, a reoccurring setting just increases Non Sufficient Funds accidents.
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