gift cards for rent payme

I am considering giving her deposit slips for our account but my husband is a little concerned about her. She is older (65) but very vindictive to the point her own children don't bother.

What are your feelings on deposit slips for tenants?

--173.209.xxx.xxx

gift cards for rent payme (by Pattyk [MO]) Posted on: Jul 4, 2015 6:46 AM
Message:

I wouldn't like that. Call her and ask why she sent payment on that way --66.87.xx.xxx

gift cards for rent payme (by Ellie [IL]) Posted on: Jul 4, 2015 6:52 AM
Message:

She would be in violation of my lease which states payment can only be by check, Money order, or Paypal. --75.105.xxx.xxx

gift cards for rent payme (by DIXIE [KS]) Posted on: Jul 4, 2015 7:07 AM
Message:

I wouldn't take gift cards as rent. You would have to "spend" them in the location on the card. How would you be able to pay the mortgage, taxes, or insurance on the property?

Rent would NOT be paid if she were my tenant. --67.143.xx.x

gift cards for rent payme (by DIXIE [KS]) Posted on: Jul 4, 2015 7:10 AM
Message:

Forgot to answer your question. I wouldn't trust someone that dumb with deposit slips to MY bank. --67.143.xx.x

gift cards for rent payme (by Keith [AL]) Posted on: Jul 4, 2015 7:30 AM
Message:

In would thank her for paying and then gently try to explain that your bank won't let get the money off those cards without a lot of hassle. Find a way to blame it on the bank. I would bet that in her mind- she thought it was a good idea. OR- she bought them with her credit cards because it's cheaper than taking a cash out on most credit cards. --104.8.xxx.xxx

gift cards for rent payme (by renee [PA]) Posted on: Jul 4, 2015 7:59 AM
Message:

It is quite strange. She was paying no problem with cash. Then there was an issue over a flower bed.

Basically she didn't get what she wanted and that is when we got the gift cards in the mail. She lives next door and paid five dollars for each card.

Her own children won't bother with her and over the past two years we figured out why.

Vindictive and controlling doesn't even describe. --173.209.xxx.xxx

gift cards for rent payme (by Vee [OH]) Posted on: Jul 4, 2015 8:04 AM
Message:

Return them so they can convert to cash before the late fees and eviction begins... --75.94.xxx.xxx

gift cards for rent payme (by Laura [MD]) Posted on: Jul 4, 2015 8:10 AM
Message:

I would be afraid they were stolen and afraid to use them. --173.66.x.xxx

gift cards for rent payme (by SharonG [SC]) Posted on: Jul 4, 2015 8:38 AM
Message:

What's next? Bushels of wheat, bails of hay and hunting dog pups for rent payment? Return the gift card to her.

I wouldn't worry about deposit slips, she can not take money out of the account without having been identified as you, she can only deposit...and banks tend not to accept bails of hay as a deposit, only money. --24.74.xxx.xx

gift cards for rent payme (by JR [ME]) Posted on: Jul 4, 2015 9:05 AM
Message:

Provide her deposit slips. She can not remve money from your account legally without authorization. Don't worry about it. I would not accept gift cards as payment for rent. Can they even be exchanged for cash? or merchandise only? --174.236.x.xxx

gift cards for rent payme (by David [MI]) Posted on: Jul 4, 2015 2:45 PM
Message:

LOL you guys are FUNNY. They are NOT STORE gift cards, they are VISA gift cards

You know visa gift cards are how a LOT of companies are paying their low income workers now right? It could very well be their paycheck!!

Like the wise man on this board says, you gotta get with the times! --108.226.xx.xx

gift cards for rent payme (by JR [ME]) Posted on: Jul 4, 2015 5:23 PM
Message:

I don't know what type of cards they are, nor do you, David. Renee said they are "cards" which implys to me the kind one buys at Wal Mart, etc, that do not have the holder's name imprnted on them and are refillable. Let's keep politics off this board. --174.236.xx.xx

gift cards for rent payme (by Frank [NJ]) Posted on: Jul 4, 2015 5:52 PM
Message:

Are "gift cards" legal tender?

You cannot pay a utility or pay the mortgage with it, right?

I would take tomorrow to be crafting the cover letter that returns the cards along with a demand for rent payment in cash or [only] USPS Money Order.

I would not take a check from this person & would be adding the late fees and demand payment by Tuesday. That gives her a day to get the right payment together and for you to get the P or Q notice ready for delivery.

Who pays low end workers with a gift card and when they do how are the employment taxes dealt with? Sounds like a "scheme" to me. Is this something for day laborers? --173.63.xxx.xx

gift cards for rent payme (by JR [ME]) Posted on: Jul 4, 2015 6:01 PM
Message:

There are Visa cards that are imprinted with the owner's name, are refillable, and employers (and the US gov't for soc. sec recipients) who do not have checking or savings accounts. One can get cash with these at banks, but I don't think this is what Renee is talking about. --174.236.xx.xx

gift cards for rent payme (by Ken [NY]) Posted on: Jul 4, 2015 7:20 PM
Message:

JR,Walmart pays there distribution center employees with those gift cards in my area and have been for several years.I think they figured out they get more of it back by the employees using it in there store kind of works out like the old company store idea --24.92.xx.xx

gift cards for rent payme (by David [MI]) Posted on: Jul 4, 2015 7:24 PM
Message:

It says right in her post that they are visa gift cards.

I did not say anything political. I stated two facts: the ubiquity of visa gift cards and the gact that employers pay lower income employees with them to cut down on payroll costs.

--108.226.xx.xx

gift cards for rent payme (by David [MI]) Posted on: Jul 4, 2015 7:27 PM
Message:

If you go into any grocery store or drug store, you will see racks of these visa gift cards, they have exploded in popularity in the last 3-4 years. --108.226.xx.xx

gift cards for rent payme (by RathdrumGal [ID]) Posted on: Jul 5, 2015 7:32 AM
Message:

Stolen gift cards are a big scheme. I would not accept them, and if stolen, they may not have value as their numbers may have been voided. Refillable DEBIT cards are being used by employers to pay employees who do not have checking accounts for direct deposit. My daughter was being paid that way (low income, entry level job) via an ADT debit card until I pointed out that ADT was making money off of her "float", and that she would be better off going the direct deposit route. The days of an actual check being handed out on payday are long gone. --98.145.xx.xxx

gift cards for rent payme (by RathdrumGal [ID]) Posted on: Jul 5, 2015 7:32 AM
Message:

gift cards for rent payme (by BRAD 20,000 [IN]) Posted on: Jul 5, 2015 1:20 PM
Message:

Renee,

About the time I think I've seen everything...

VERY interesting post. Thanks for making me THINK!

My guess is your res was PAID by these cards, or given these cards as a gift or as financial aide.

When asked for a donation for things like a community picnic, I give multiple gift cards (spread the joy of winning!) with our company sticker on them.

Account: Me? I have no problems giving out our DEPOSIT ONLY account. It's printed on our lease in case they lose it. We give them a wallet/business card with instruction to the teller.

Cards: SOME of these Visa cards charge a service fee when CASHED.

ME?

1. I;d call the res and ask why the cards. I'd be looking for a new trend or maybe this is a better way to get my money. As I've posted often, MANY of our residents are now paid by money put onto their plastic paycheck card.

2. I'd take them straight to the bank, cash them, and credit the res for the amount I received AFTER fees.

Problem: I don't know what money is really on that card. Could be zero.

Could be stolen and cancelled.

If convinced this is NOT a good way to accept funds, I would follow this up with copy of the appropriate lease page, with the clause about payment highlighted, and a note in the margin about how cards will not be accepted in the future - res can take the cards to the bank and put the funds in your deposit only account him/herself.

BRAD --68.50.xx.xxx

gift cards for rent payme (by renee [PA]) Posted on: Jul 5, 2015 2:20 PM
Message:

Yes we are just going to furnish her with deposit slips and see what happens. She is a troubled woman and like I said vindictive.

We will see what happens in a few days. --173.209.xxx.xxx

gift cards for rent payme (by S i d [MO]) Posted on: Jul 6, 2015 7:33 AM
Message:

Sounds to me like you just got an easy-cheesy way to get rid of her for non-payment of rent. I don't keep vindictive tenants...if they give me an easy out for eviction...BOOM!

Btw, I used to believe what JR said about tenants not being able to remove money from your checking account, but then I went to the convention and it sounds like in some very wacky circumstances a bank will actually let someone take money out even if they are not an authorized signer on the account. I know, sounds almost too bizarre to be true and I specifically asked about this...apparently it HAS happened to a few folks. I think the bank is liable for this; however, it can take time to get it straightened out and in the meantime you're short on funds. --173.16.xxx.xxx

gift cards for rent payme (by Deanna [TX]) Posted on: Jul 6, 2015 9:56 AM
Message:

It helps to remember that a lot of these gift cards are deliberately difficult to cash to prevent money laundering. --96.46.xxx.xxx

Reply:

Subject:	RE: gift cards for rent payme
Your Name:
Your State:

Message:

gift cards for rent payme

Would you like to be notified via email when somebody replies to this thread?
If so, you must include your valid email address here. Do not add your address more than once per thread/subject. By entering your email address here, you agree to receive notification from Mrlandlord.com every time anyone replies to "this" thread. You will receive response notifications for up to one week following the original post. Your email address will not be visible to readers. Email Address: