Why Venmo Might Not Be the Best Choice for Collecting Rent

Ascent Property Management • October 17, 2023

In today's digital age, many landlords are exploring alternative methods for rent collection, one of which is Venmo. While Venmo is a popular peer-to-peer payment app known for convenience, it may not be the best choice for collecting rent. 

Photo displaying money

Lack of Formal Documentation

Venmo transactions lack the formality and documentation that traditional payment methods offer. Rent payments are a significant financial transaction, and you need an organized record for legal and booking purposes. Using Venmo alone may result in insufficient documentation, making it challenging to prove rental payments in case of disputes or audits.


Potential Disruptions and Delays

Venmo transactions may be subject to delays, especially when users are moving funds between the app and their bank accounts. This can lead to missed or late payments, which may disrupt cash flow and cause unnecessary friction with tenants.

Fees for Instant Transfers

One significant drawback of using Venmo for rent collection is the potential fees associated with instant transfers. Venmo charges a fee for instant transfers to your bank account. These fees can add up over time, especially if you're managing multiple properties or have a high turnover of tenants. It's essential to factor in these costs when considering Venmo as your primary rent collection method, as they can significantly impact your rental property's profitability.


Inability to Cancel a Venmo Payment

Another important consideration is that Venmo payments, once initiated, cannot be easily canceled or reversed. This can lead to complications in cases of accidental overpayments or disputes. If a tenant mistakenly sends the wrong amount or you need to adjust the payment for a valid reason, it may be challenging to rectify the situation. 


Ascent Property Management

We understand the complexities of property management, and we're here to simplify your experience. Our dedicated team combines local expertise with cutting-edge technology to optimize the value and performance of your rental properties. From efficient rent collection and rigorous tenant screening to proactive maintenance and responsive customer service, we have your back at every step. Schedule a free consultation today.

How to Keep Your Rental Unit Cool: Tips for Landlords

By Ascent Property Management • June 18, 2025
As temperatures rise, keeping rental units cool isn’t just a comfort issue, it’s a tenant satisfaction and property care priority. At Ascent Property Management, we understand how crucial it is to stay ahead of seasonal challenges, especially during warm summer months. Helping your tenants beat the heat can protect your investment, reduce strain on cooling systems, and contribute to long-term tenant retention. Here are a few smart, landlord-approved ways to keep your rental unit cool: Service the HVAC System Regularly Before the peak of summer hits, ensure that the air conditioning system is inspected and maintained. Dirty filters and clogged ducts make the system work harder, driving up energy costs and reducing efficiency. Routine maintenance not only extends the life of the unit but also helps avoid emergency repair calls in the middle of a heatwave. Install Ceiling Fans or Portable AC Units Ceiling fans are a low-cost upgrade that help circulate air and can make a room feel significantly cooler. In properties without central air, offering tenants the option of a portable AC unit (or installing one in key areas) can make a big difference. Block Out the Heat Window treatments like blackout curtains or solar shades are easy upgrades that can reduce heat gain and protect furniture and flooring from sun damage. Consider adding or upgrading blinds and encouraging tenants to keep them closed during peak sun hours. Insulate and Seal Properly Make sure your unit is properly insulated and that doors and windows are sealed. Heat can easily sneak in through small gaps, especially in older buildings. Weather stripping and door sweeps are inexpensive fixes that help maintain indoor temperatures year-round. Ascent Pro perty Management  At Ascent Property Management, we stay proactive in keeping our properties in top shape through every season. Whether it’s scheduling seasonal maintenance, making cost-effective upgrades, or addressing tenant concerns quickly, we make property ownership easier. Want help managing your rental? We’re here to ensure your investment stays comfortable, efficient, and profitable...all year long.

Summer Events in San Diego: 2025 Edition

By Ascent Property Management • May 27, 2025
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How to Fill Rental Vacancies Quickly

By Ascent Property Management • April 24, 2025
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Termite Season in San Diego: What Landlords Should Watch Out For

By Ascent Property Management • March 19, 2025
As spring arrives in San Diego, so does one of the biggest threats to rental properties—termites. While termites are a year-round concern, spring is when they become most active, swarming in search of new places to establish colonies. For landlords, early detection and prevention are crucial to avoiding costly damage. Here’s what you need to know about termite season and how to protect your rental property. Why Spring Is Peak Termite Season Termites, particularly dry wood and subterranean species become more visible in the spring because of increased warmth and humidity. Swarmers—winged termites looking for new homes—emerge in large numbers, often resembling flying ants. If you or your tenants notice them inside or around the property, it’s a sign that termites may already exist. Signs of a Termite Infestation Landlords should stay vigilant for these common signs of termite activity: Mud Tubes: Subterranean termites build small, pencil-thin tunnels along walls and foundations to retain moisture as they travel. Hollow-Sounding Wood: If tapping on wood surfaces produces a hollow sound, termites may have eaten away the interior. Frass (Termite Droppings): Drywood termites leave behind tiny, wood-colored droppings near infested areas. Warped Doors and Windows: As termites tunnel through wood, they can cause structures to shift, making doors and windows harder to open or close. Visible Swarmers or Discarded Wings: Seeing swarmers inside a rental property or piles of shed wings is a major red flag. Prevention Tips for Landlords To keep termites at bay, landlords should take proactive measures, such as: Scheduling Regular Inspections: Annual termite inspections can catch infestations before they become severe. Keeping the Property Dry: Fixing leaks, maintaining gutters, and ensuring proper drainage reduces the moisture termites need to survive. Using Treated Wood: If making repairs, opt for termite-resistant materials. Removing Wood-to-Soil Contact: Avoid storing firewood near the foundation and ensure wooden structures don’t directly touch the soil. Protecting Your Investment with Professional Help At Ascent Property Management, we understand how crucial it is to avoid issues with your investment property. Our team is here to help you manage your property with proactive maintenance and expert guidance, ensuring your rental stays in great shape. Reach out today to learn how we can support you in protecting your investment.
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How to Keep Your Rental Unit Cool: Tips for Landlords

By Ascent Property Management • June 18, 2025
As temperatures rise, keeping rental units cool isn’t just a comfort issue, it’s a tenant satisfaction and property care priority. At Ascent Property Management, we understand how crucial it is to stay ahead of seasonal challenges, especially during warm summer months. Helping your tenants beat the heat can protect your investment, reduce strain on cooling systems, and contribute to long-term tenant retention. Here are a few smart, landlord-approved ways to keep your rental unit cool: Service the HVAC System Regularly Before the peak of summer hits, ensure that the air conditioning system is inspected and maintained. Dirty filters and clogged ducts make the system work harder, driving up energy costs and reducing efficiency. Routine maintenance not only extends the life of the unit but also helps avoid emergency repair calls in the middle of a heatwave. Install Ceiling Fans or Portable AC Units Ceiling fans are a low-cost upgrade that help circulate air and can make a room feel significantly cooler. In properties without central air, offering tenants the option of a portable AC unit (or installing one in key areas) can make a big difference. Block Out the Heat Window treatments like blackout curtains or solar shades are easy upgrades that can reduce heat gain and protect furniture and flooring from sun damage. Consider adding or upgrading blinds and encouraging tenants to keep them closed during peak sun hours. Insulate and Seal Properly Make sure your unit is properly insulated and that doors and windows are sealed. Heat can easily sneak in through small gaps, especially in older buildings. Weather stripping and door sweeps are inexpensive fixes that help maintain indoor temperatures year-round. Ascent Pro perty Management  At Ascent Property Management, we stay proactive in keeping our properties in top shape through every season. Whether it’s scheduling seasonal maintenance, making cost-effective upgrades, or addressing tenant concerns quickly, we make property ownership easier. Want help managing your rental? We’re here to ensure your investment stays comfortable, efficient, and profitable...all year long.

Summer Events in San Diego: 2025 Edition

By Ascent Property Management • May 27, 2025
The body content of your post goes here. To edit this text, click on it and delete this default text and start typing your own or paste your own from a different source.

How to Fill Rental Vacancies Quickly

By Ascent Property Management • April 24, 2025
The body content of your post goes here. To edit this text, click on it and delete this default text and start typing your own or paste your own from a different source.
Show More