U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Real Estate
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 08-21-2013, 09:53 AM
 
Location: CFL
903 posts, read 2,129,666 times
Reputation: 972

Advertisements

To the original question about electronic payments. The complex i live in uses https://www.erentpayer.com. As a tenant I can setup automatic payments but i just have it send me notices. One option is to have a text sent to my phone. I can reply to that text with "PAY" and the payment will be made from my bank account i have on file with them.
Reply With Quote Quick reply to this message

 
Old 08-22-2013, 07:18 AM
 
Location: Arizona
5,190 posts, read 5,548,685 times
Reputation: 6866
Quote:
Originally Posted by NilaJones View Post
Someone who understands it is their best interest. Read the thread; this has been covered.
I did read the thread. Thanks for the unwarranted sarcasm.

Nowhere does it explain (because it can't) how such a lease modification would possibly be in the tenants best interest. My question stands.
Reply With Quote Quick reply to this message
 
Old 08-22-2013, 08:51 AM
 
1,258 posts, read 1,824,379 times
Reputation: 1286
We use erentpayment.com for our rental property. No problems so far. Trying to work through bank transfers was just too much confusion.
Reply With Quote Quick reply to this message
 
Old 08-22-2013, 10:14 AM
 
6,758 posts, read 7,756,665 times
Reputation: 6768
Quote:
Originally Posted by johnp292 View Post
I did read the thread. Thanks for the unwarranted sarcasm.

Nowhere does it explain (because it can't) how such a lease modification would possibly be in the tenants best interest. My question stands.
Oh good lord.

Alright, one more time.

Say the current lease specifies a flat $100 late fee. If the tenant pays 1 day late, she has to cough up $100.

Now say tenant and landlord agree to change the lease to an incremental late fee, $20 per day. If the tenant pays 1 day late, she only has to pay $20. If she is anything less than 5 days late, her late fee is less than the previous $100.

Do you see how this benefits the tenant, if she feels confident that she can always be 5 or fewer days late?
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Real Estate
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6. The time now is 05:14 AM.

2005-2017, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top