Has anyone any experience in collecting rent from tenants using Direct Debit opposed to Standing Order? From what i understand, with Direct Debit the payee (landlord) is in control, rather than the payor (tenant). Just like when paying utilities. Could be a good way to minimize missed payments during covid-19. Does anyone know of any services available?
Direct Debit vs Standing Order
in Landlords forum
Posted
Has anyone any experience in collecting rent from tenants using Direct Debit opposed to Standing Order? From what i understand, with Direct Debit the payee (landlord) is in control, rather than the payor (tenant). Just like when paying utilities. Could be a good way to minimize missed payments during covid-19. Does anyone know of any services available?