{"id":31401,"date":"2019-11-14T10:41:10","date_gmt":"2019-11-14T15:41:10","guid":{"rendered":"https:\/\/themediabeast.com\/resources\/?p=31401"},"modified":"2020-04-02T10:42:36","modified_gmt":"2020-04-02T14:42:36","slug":"why-a-property-manager-shouldnt-accept-cash-rent","status":"publish","type":"post","link":"https:\/\/themediabeast.com\/resources\/why-a-property-manager-shouldnt-accept-cash-rent\/","title":{"rendered":"Why A Property Manager Shouldn\u2019t Accept Cash Rent"},"content":{"rendered":"

Typically<\/span>\u00a0one of the greatest priorities a landlord or\u00a0<\/span>property manager<\/a>\u00a0has is making sure that tenants pay their rent on time. However, there are only certain types of payments that should be\u00a0<\/span>accepted,<\/span>\u00a0and these payment types should be clearly outlined in all lease agreements.<\/span><\/p>\n

In most cases, rent should be paid by check, money order, cashiers check, or with a card or other electronic payment through an online tenant portal.\u00a0<\/span>There should be provisions in the lease that detail to the tenants exactly what payment methods are acceptable. It is highly unadvisable to accept cash payments for a number of reasons:<\/span><\/p>\n

Cash is hard to account for. A\u00a0<\/span>deceitful property manager might claim that a tenant was $100 short on the rent when they were not. A tenant could claim they dropped an envelop<\/span>e<\/span>\u00a0with cash in the rent\u00a0<\/span>dropbox<\/span>, but there may not be any evidence. Checks<\/span>\u00a0and money orders can be reissued and tracked, so can online payments.<\/span><\/p>\n

A property manager should keep as little cash in the office as possible. Rent is expensive<\/span>,<\/span>\u00a0and if your tenants are dropping off large sums of cash to the property management office, this turns your business into a target for burglary and robbery. This is the last thing a property man<\/span>a<\/span>ger wants because it will make tenants feel unsafe, even if they live far away from the rental office.<\/span><\/p>\n

You must treat all tenants equally and cannot make exceptions for tenants. If the lease says no cash payments, and a tenant brings the rent into the office in cash, you should ask them to\u00a0<\/span>go get<\/span>\u00a0a money order. Do not make an exception, even if it\u2019s the day rent is due and five minutes before the office closes.<\/span><\/p>\n

The best property management companies in Charleston are flexible and have great payment options for their tenants<\/span>,<\/span>\u00a0so that paying the rent is easy. If you want to know what kind of payment system\u00a0<\/span>Scott Properties<\/span><\/a>\u00a0uses to help our tenants pay on time, every time, give us a call at 843-790-0148.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Typically\u00a0one of the greatest priorities a landlord or\u00a0property manager\u00a0has is making sure that tenants pay their rent on time. However, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","footnotes":""},"categories":[7272],"tags":[],"class_list":["post-31401","post","type-post","status-publish","format-standard","hentry","category-scott-properties"],"yoast_head":"\nWhy A Property Manager Shouldn\u2019t Accept Cash Rent - MMG Resources<\/title>\n<meta name=\"description\" content=\"If you are looking to use a property management company in Charleston,\u00a0Contact\u00a0Scott Properties for the best property managers available.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/themediabeast.com\/resources\/why-a-property-manager-shouldnt-accept-cash-rent\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why A Property Manager Shouldn\u2019t Accept Cash Rent\" \/>\n<meta property=\"og:description\" content=\"If you are looking to use a property management company in Charleston,\u00a0Contact\u00a0Scott Properties for the best property managers available.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/themediabeast.com\/resources\/why-a-property-manager-shouldnt-accept-cash-rent\/\" \/>\n<meta property=\"og:site_name\" content=\"MMG Resources\" \/>\n<meta property=\"article:published_time\" content=\"2019-11-14T15:41:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-02T14:42:36+00:00\" \/>\n<meta name=\"author\" content=\"MediaBeast\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"MediaBeast\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/why-a-property-manager-shouldnt-accept-cash-rent\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/why-a-property-manager-shouldnt-accept-cash-rent\\\/\"},\"author\":{\"name\":\"MediaBeast\",\"@id\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/#\\\/schema\\\/person\\\/f1e4fbc14f15dffe99af02d0efb60287\"},\"headline\":\"Why A Property Manager Shouldn\u2019t Accept Cash Rent\",\"datePublished\":\"2019-11-14T15:41:10+00:00\",\"dateModified\":\"2020-04-02T14:42:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/why-a-property-manager-shouldnt-accept-cash-rent\\\/\"},\"wordCount\":356,\"articleSection\":[\"Scott Properties\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/why-a-property-manager-shouldnt-accept-cash-rent\\\/\",\"url\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/why-a-property-manager-shouldnt-accept-cash-rent\\\/\",\"name\":\"Why A Property Manager Shouldn\u2019t Accept Cash Rent - MMG Resources\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/#website\"},\"datePublished\":\"2019-11-14T15:41:10+00:00\",\"dateModified\":\"2020-04-02T14:42:36+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/#\\\/schema\\\/person\\\/f1e4fbc14f15dffe99af02d0efb60287\"},\"description\":\"If you are looking to use a property management company in Charleston,\u00a0Contact\u00a0Scott Properties for the best property managers available.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/why-a-property-manager-shouldnt-accept-cash-rent\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/themediabeast.com\\\/resources\\\/why-a-property-manager-shouldnt-accept-cash-rent\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/why-a-property-manager-shouldnt-accept-cash-rent\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Why A Property Manager Shouldn\u2019t Accept Cash Rent\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/#website\",\"url\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/\",\"name\":\"MMG Resources\",\"description\":\"Company Portal\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/#\\\/schema\\\/person\\\/f1e4fbc14f15dffe99af02d0efb60287\",\"name\":\"MediaBeast\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"\\\/\\\/www.gravatar.com\\\/avatar\\\/2f2d8caf201e84c7b1c6349c85ac5699?s=96&r=g&d=mm\",\"url\":\"\\\/\\\/www.gravatar.com\\\/avatar\\\/2f2d8caf201e84c7b1c6349c85ac5699?s=96&r=g&d=mm\",\"contentUrl\":\"\\\/\\\/www.gravatar.com\\\/avatar\\\/2f2d8caf201e84c7b1c6349c85ac5699?s=96&r=g&d=mm\",\"caption\":\"MediaBeast\"},\"url\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/author\\\/mediabeast\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Why A Property Manager Shouldn\u2019t Accept Cash Rent - MMG Resources","description":"If you are looking to use a property management company in Charleston,\u00a0Contact\u00a0Scott Properties for the best property managers available.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/themediabeast.com\/resources\/why-a-property-manager-shouldnt-accept-cash-rent\/","og_locale":"en_US","og_type":"article","og_title":"Why A Property Manager Shouldn\u2019t Accept Cash Rent","og_description":"If you are looking to use a property management company in Charleston,\u00a0Contact\u00a0Scott Properties for the best property managers available.","og_url":"https:\/\/themediabeast.com\/resources\/why-a-property-manager-shouldnt-accept-cash-rent\/","og_site_name":"MMG Resources","article_published_time":"2019-11-14T15:41:10+00:00","article_modified_time":"2020-04-02T14:42:36+00:00","author":"MediaBeast","twitter_card":"summary_large_image","twitter_misc":{"Written by":"MediaBeast","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/themediabeast.com\/resources\/why-a-property-manager-shouldnt-accept-cash-rent\/#article","isPartOf":{"@id":"https:\/\/themediabeast.com\/resources\/why-a-property-manager-shouldnt-accept-cash-rent\/"},"author":{"name":"MediaBeast","@id":"https:\/\/themediabeast.com\/resources\/#\/schema\/person\/f1e4fbc14f15dffe99af02d0efb60287"},"headline":"Why A Property Manager Shouldn\u2019t Accept Cash Rent","datePublished":"2019-11-14T15:41:10+00:00","dateModified":"2020-04-02T14:42:36+00:00","mainEntityOfPage":{"@id":"https:\/\/themediabeast.com\/resources\/why-a-property-manager-shouldnt-accept-cash-rent\/"},"wordCount":356,"articleSection":["Scott Properties"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/themediabeast.com\/resources\/why-a-property-manager-shouldnt-accept-cash-rent\/","url":"https:\/\/themediabeast.com\/resources\/why-a-property-manager-shouldnt-accept-cash-rent\/","name":"Why A Property Manager Shouldn\u2019t Accept Cash Rent - MMG Resources","isPartOf":{"@id":"https:\/\/themediabeast.com\/resources\/#website"},"datePublished":"2019-11-14T15:41:10+00:00","dateModified":"2020-04-02T14:42:36+00:00","author":{"@id":"https:\/\/themediabeast.com\/resources\/#\/schema\/person\/f1e4fbc14f15dffe99af02d0efb60287"},"description":"If you are looking to use a property management company in Charleston,\u00a0Contact\u00a0Scott Properties for the best property managers available.","breadcrumb":{"@id":"https:\/\/themediabeast.com\/resources\/why-a-property-manager-shouldnt-accept-cash-rent\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/themediabeast.com\/resources\/why-a-property-manager-shouldnt-accept-cash-rent\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/themediabeast.com\/resources\/why-a-property-manager-shouldnt-accept-cash-rent\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/themediabeast.com\/resources\/"},{"@type":"ListItem","position":2,"name":"Why A Property Manager Shouldn\u2019t Accept Cash Rent"}]},{"@type":"WebSite","@id":"https:\/\/themediabeast.com\/resources\/#website","url":"https:\/\/themediabeast.com\/resources\/","name":"MMG Resources","description":"Company Portal","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/themediabeast.com\/resources\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/themediabeast.com\/resources\/#\/schema\/person\/f1e4fbc14f15dffe99af02d0efb60287","name":"MediaBeast","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"\/\/www.gravatar.com\/avatar\/2f2d8caf201e84c7b1c6349c85ac5699?s=96&r=g&d=mm","url":"\/\/www.gravatar.com\/avatar\/2f2d8caf201e84c7b1c6349c85ac5699?s=96&r=g&d=mm","contentUrl":"\/\/www.gravatar.com\/avatar\/2f2d8caf201e84c7b1c6349c85ac5699?s=96&r=g&d=mm","caption":"MediaBeast"},"url":"https:\/\/themediabeast.com\/resources\/author\/mediabeast\/"}]}},"_links":{"self":[{"href":"https:\/\/themediabeast.com\/resources\/wp-json\/wp\/v2\/posts\/31401","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/themediabeast.com\/resources\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/themediabeast.com\/resources\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/themediabeast.com\/resources\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/themediabeast.com\/resources\/wp-json\/wp\/v2\/comments?post=31401"}],"version-history":[{"count":1,"href":"https:\/\/themediabeast.com\/resources\/wp-json\/wp\/v2\/posts\/31401\/revisions"}],"predecessor-version":[{"id":31403,"href":"https:\/\/themediabeast.com\/resources\/wp-json\/wp\/v2\/posts\/31401\/revisions\/31403"}],"wp:attachment":[{"href":"https:\/\/themediabeast.com\/resources\/wp-json\/wp\/v2\/media?parent=31401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/themediabeast.com\/resources\/wp-json\/wp\/v2\/categories?post=31401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/themediabeast.com\/resources\/wp-json\/wp\/v2\/tags?post=31401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}