Using PayPal Or Venmo To Collect Rent? Think Again!
Payment apps like Venmo or PayPal may not be the best option for landlords with multiple properties or many tenants. These apps have transaction limits and lack advanced features, making property management software, like Rentroom, a more suitable choice for managing multiple properties and tenants. Property management software provides features like automation, scalability, and reporting capabilities to help manage a large number of properties and tenants. It's important for landlords and tenants to keep accurate records and understand the tax implications of using Venmo or PayPal for rent payments.
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