Why Accepting Rent in Cash is Old School
There are plenty of ways to accept rent payments. Some landlords deal only with cash while others avoid this option, stating that cash rent payments send shivers down their spine. As there is no official cash policy that could regulate cash transactions, some landlords select other methods to accept rent payments. To mitigate the risks inherent with any financial operation, many landlords are switching to digital forms of payment to collect rent payments online and keep track of each transaction.