Friday, February 5, 2016

Another reason NOT to accept cash from tenants

During your career as a landlord, you’ll likely have a few tenants who pay with cash. Although cash is nice, I prefer checks since that gives us both a record of payment.

But there’s another reason that I never gave much thought to … counterfeit bills.

Do you know how to easily spot one? Truth be known, I don’t. And neither did a landlord in Ohio who says she’s in a hard spot because her tenants paid in fake money.

For more ideas on buying and managing rental properties, pick up a copy of What You Must Know BEFORE Becoming a Greedy Landlord. It’s available in paperback and Kindle formats at Amazon. You can also order it from Barnes & Noble, Booklocker, iTunes, and kobo

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