Comments on: Take Control of Your Cash Flow http://www.american-apartment-owners-association.org/blog/2009/01/29/take-control-of-your-cash-flow/ Real Estate News, Landlord Help, and Apartment Information Thu, 19 Nov 2009 18:45:35 -0800 http://wordpress.org/?v=2.8 hourly 1 By: Priority #1: Get the Rent on Time | AAOA - American Apartment Owners Association http://www.american-apartment-owners-association.org/blog/2009/01/29/take-control-of-your-cash-flow/comment-page-1/#comment-16330 Priority #1: Get the Rent on Time | AAOA - American Apartment Owners Association Mon, 11 May 2009 23:00:19 +0000 http://www.american-apartment-owners-association.org/blog/2009/01/29/take-control-of-your-cash-flow/#comment-16330 [...] interview with Jim Adamek to find more about automated rent payments.   See our feature, Take Charge of Your Cash Flow.   American Apartment Owners Association offers discounts for landlords on products and [...] [...] interview with Jim Adamek to find more about automated rent payments.   See our feature, Take Charge of Your Cash Flow.   American Apartment Owners Association offers discounts for landlords on products and [...]

]]> By: AAOA - American Apartment Owners Association » Tenant Incentive Program Boosts Profits http://www.american-apartment-owners-association.org/blog/2009/01/29/take-control-of-your-cash-flow/comment-page-1/#comment-12714 AAOA - American Apartment Owners Association » Tenant Incentive Program Boosts Profits Tue, 24 Feb 2009 00:26:36 +0000 http://www.american-apartment-owners-association.org/blog/2009/01/29/take-control-of-your-cash-flow/#comment-12714 [...] Incentive Program Boosts Profits   In our feature, Take Control of Your Cash Flow, we discussed how automated rent payments keep you in the driver seat with rent collection, by [...] [...] Incentive Program Boosts Profits   In our feature, Take Control of Your Cash Flow, we discussed how automated rent payments keep you in the driver seat with rent collection, by [...]

]]> By: Kim Ezzell http://www.american-apartment-owners-association.org/blog/2009/01/29/take-control-of-your-cash-flow/comment-page-1/#comment-11850 Kim Ezzell Tue, 03 Feb 2009 15:17:41 +0000 http://www.american-apartment-owners-association.org/blog/2009/01/29/take-control-of-your-cash-flow/#comment-11850 Lisa, Electronic rent payment may not work in every situation, but there are some steps you can take to help tenants get started using electronic rent payment. First, do they receive any federal benefits? The Social Security Administration reports that more than 4 million recipients of Social Security and Supplemental Security Income do not have bank accounts. Now the U.S. Treasury has made arrangements for a prepaid MasterCard debit card for recipients to receive their benefits and spend them. Any recipient of federal benefits can receive this card by calling the Direct Express Card Enrollment Center at 1-877-212-9991. You can get more information and printed applications at their website: https://www.usdirectexpress.com/ Once tenants have a card, you can withdraw rent payments from their debit card with proper authorization. Second, it is no problem at all if tenants do not have a computer. We provide you with a payment authorization form that tenants can sign when they apply to rent. Existing tenants can also sign the form. Once you receive payment authorization in writing, you can schedule rent payments through your virtual terminal. Third, if tenants cannot get a bank account because of a Chexsystems or Telecheck report, go to http://www.chexsystemsvictims.com/ and click on the link for "Services." Find your state and print out the information on how to work with financial institutions in your area to open a bank account. You can offer this information to tenants who want to open a checking account. Thanks, Jim Adamek AutoPayRent.com Lisa,
Electronic rent payment may not work in every situation, but there are some steps you can take to help tenants get started using electronic rent payment. First, do they receive any federal benefits? The Social Security Administration reports that more than 4 million recipients of Social Security and Supplemental Security Income do not have bank accounts. Now the U.S. Treasury has made arrangements for a prepaid MasterCard debit card for recipients to receive their benefits and spend them. Any recipient of federal benefits can receive this card by calling the Direct Express Card Enrollment Center at 1-877-212-9991. You can get more information and printed applications at their website: https://www.usdirectexpress.com/ Once tenants have a card, you can withdraw rent payments from their debit card with proper authorization.

Second, it is no problem at all if tenants do not have a computer. We provide you with a payment authorization form that tenants can sign when they apply to rent. Existing tenants can also sign the form. Once you receive payment authorization in writing, you can schedule rent payments through your virtual terminal.

Third, if tenants cannot get a bank account because of a Chexsystems or Telecheck report, go to http://www.chexsystemsvictims.com/ and click on the link for “Services.” Find your state and print out the information on how to work with financial institutions in your area to open a bank account. You can offer this information to tenants who want to open a checking account.

Thanks,
Jim Adamek
AutoPayRent.com

]]> By: Kim Ezzell http://www.american-apartment-owners-association.org/blog/2009/01/29/take-control-of-your-cash-flow/comment-page-1/#comment-11784 Kim Ezzell Mon, 02 Feb 2009 17:48:37 +0000 http://www.american-apartment-owners-association.org/blog/2009/01/29/take-control-of-your-cash-flow/#comment-11784 Brian, Jim Adamek of AutoRentPay has this suggestion: You are describing a debit card that can be loaded with funds, in this case from Supplemental Security Income, and those funds can be used to pay rent. Our program accepts both credit cards and debit cards from MasterCard and Visa. Just make sure when you apply for our program that you check the Visa Check and MC Debit card boxes on your application. We show this in the example application form that is provided to you The transaction fee for a debit card is 1.7% which is lower than a credit card. Thanks for asking, Jim Brian,
Jim Adamek of AutoRentPay has this suggestion:

You are describing a debit card that can be loaded with funds, in this case from Supplemental Security Income, and those funds can be used to pay rent. Our program accepts both credit cards and debit cards from MasterCard and Visa. Just make sure when you apply for our program that you check the Visa Check and MC Debit card boxes on your application. We show this in the example application form that is provided to you The transaction fee for a debit card is 1.7% which is lower than a credit card. Thanks for asking, Jim

]]> By: Lisa http://www.american-apartment-owners-association.org/blog/2009/01/29/take-control-of-your-cash-flow/comment-page-1/#comment-11697 Lisa Sun, 01 Feb 2009 01:34:40 +0000 http://www.american-apartment-owners-association.org/blog/2009/01/29/take-control-of-your-cash-flow/#comment-11697 Many of our tenants do not have bank accounts or have computers. I dont see how electronic collection could work. Many of our tenants do not have bank accounts or have computers. I dont see how electronic collection could work.

]]> By: Landlords, Collect Every Penny You are Owed. Banks are Turning Down Loans if Buildings Don’t Cash-Flow « Commercial Mortgage Loan Blog http://www.american-apartment-owners-association.org/blog/2009/01/29/take-control-of-your-cash-flow/comment-page-1/#comment-11660 Landlords, Collect Every Penny You are Owed. Banks are Turning Down Loans if Buildings Don’t Cash-Flow « Commercial Mortgage Loan Blog Fri, 30 Jan 2009 14:58:25 +0000 http://www.american-apartment-owners-association.org/blog/2009/01/29/take-control-of-your-cash-flow/#comment-11660 [...] LLC The Blog at the American Apartment Owners Association (AAOA) is recommending that landlords take control of their cash-flow by implementing an electronic collections [...] [...] LLC The Blog at the American Apartment Owners Association (AAOA) is recommending that landlords take control of their cash-flow by implementing an electronic collections [...]

]]> By: Brian K http://www.american-apartment-owners-association.org/blog/2009/01/29/take-control-of-your-cash-flow/comment-page-1/#comment-11658 Brian K Fri, 30 Jan 2009 14:36:49 +0000 http://www.american-apartment-owners-association.org/blog/2009/01/29/take-control-of-your-cash-flow/#comment-11658 what provisions are made for tenants that have no bank account and receive their SSI on a mastercard/Visa type card? Can the system tap those cards automatically for rent? what provisions are made for tenants that have no bank account and receive their SSI on a mastercard/Visa type card? Can the system tap those cards automatically for rent?

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