Showing posts with label cash. Show all posts
Showing posts with label cash. Show all posts

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.