Hello,

So my tenants are asking about some sort of electronic payment system for the rent. This may be convenient as I may be relocating out of the area/state, though having a paper trail was nice. In any case, for any landlords out there that do electronic payment, what would be the best option? I'm thinking just having them do bank transfers, as Paypal will have fees associated with the transfers. On the other hand, something like Paypal would have some sort of trail when tax season rolls around and this will be the first time I'm declaring rental income.

Please help

I didn't find the right solution from the internet.

References:
https://www.bogleheads.org/forum/viewtopic.php?t=86756
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Thank you