Getting paid rent in $US

[nightcrawler]

Need some info. I recently purchased an apartment in Orlando and would like to rent it out. Can renters pay with their credit card and pay me with $US to my local republic bank US account?

[viedcht]

There are property management companies that some small scale landlords can employ to cover everything from rent collection to maintenance. maybe thru them it's possible

[xtech]

He has to go that route and loose some money to a management company because if the tenant knows he is paying an absent landlord…… lol

[paid_influencer]

easiest and also the most robust option is to open a bank account in a US bank. Tons of services are available to accept credit card payments. You can then withdraw to your local island bank at your discretion.

this article may or may not be helpful to you. it shows what local companies have to go through to get US$ credit card payments into local US$ accounts. Multiple third parties involved and no guarantee this method will work in a few years. Island banks always a few steps away from derisking.
https://newsday.co.tt/2023/04/13/how-to ... caribbean/

[paid_influencer]

He has to go that route and lose some money to a management company because if the tenant knows he is paying an absent landlord…… lol

^

[pugboy]

how do you get paid from someone’s credit card if you are not a merchant and have some way of making the “sale” to them
ie onlibe credit card link, card machine ?

[paid_influencer]

paypal lets you send funds to individuals

[pugboy]

it shows up as a credit in their cc?

i know republic doesn’t allow you to pay in credits on your card
i once tried to just pay a rounded up figure on somebody who was abroad and they said i could only pay the exact balance, no more

paypal lets you send funds to individuals

[redmanjp]

easiest and also the most robust option is to open a bank account in a US bank. Tons of services are available to accept credit card payments. You can then withdraw to your local island bank at your discretion.

this article may or may not be helpful to you. it shows what local companies have to go through to get US$ credit card payments into local US$ accounts. Multiple third parties involved and no guarantee this method will work in a few years. Island banks always a few steps away from derisking.
https://newsday.co.tt/2023/04/13/how-to ... caribbean/

was wondering- can non US citizens do that?

[pugboy]

it used to be very easy like in 90s, not sure about now but quite likely lot harder with the global anti money laundering efforts

[adnj]

easiest and also the most robust option is to open a bank account in a US bank. Tons of services are available to accept credit card payments. You can then withdraw to your local island bank at your discretion.

this article may or may not be helpful to you. it shows what local companies have to go through to get US$ credit card payments into local US$ accounts. Multiple third parties involved and no guarantee this method will work in a few years. Island banks always a few steps away from derisking.
https://newsday.co.tt/2023/04/13/how-to ... caribbean/

was wondering- can non US citizens do that?

Yes.

[Chimera]

easiest and also the most robust option is to open a bank account in a US bank. Tons of services are available to accept credit card payments. You can then withdraw to your local island bank at your discretion.

this article may or may not be helpful to you. it shows what local companies have to go through to get US$ credit card payments into local US$ accounts. Multiple third parties involved and no guarantee this method will work in a few years. Island banks always a few steps away from derisking.
https://newsday.co.tt/2023/04/13/how-to ... caribbean/

was wondering- can non US citizens do that?

You can walk into any bank in the usa and use your visa to open a bank account. Takes 15 minutes.

[adnj]

easiest and also the most robust option is to open a bank account in a US bank. Tons of services are available to accept credit card payments. You can then withdraw to your local island bank at your discretion.

this article may or may not be helpful to you. it shows what local companies have to go through to get US$ credit card payments into local US$ accounts. Multiple third parties involved and no guarantee this method will work in a few years. Island banks always a few steps away from derisking.
https://newsday.co.tt/2023/04/13/how-to ... caribbean/

was wondering- can non US citizens do that?

You can walk into any bank in the usa and use your visa to open a bank account. Takes 15 minutes.

There are many US banks that do require an SSN and proof of residence to open an account.

[i_code_and_stuff]

easiest and also the most robust option is to open a bank account in a US bank. Tons of services are available to accept credit card payments. You can then withdraw to your local island bank at your discretion.

this article may or may not be helpful to you. it shows what local companies have to go through to get US$ credit card payments into local US$ accounts. Multiple third parties involved and no guarantee this method will work in a few years. Island banks always a few steps away from derisking.
https://newsday.co.tt/2023/04/13/how-to ... caribbean/

was wondering- can non US citizens do that?

You can walk into any bank in the usa and use your visa to open a bank account. Takes 15 minutes.

I'd avoid South Florida for this. There are very, very few banks there that don't ask you for proof of residence now. The rest of the east coast states would be easier, especially NY

[paid_influencer]

OP own an apartment so proof of address ent a problem. If you renting/leasing (or have some family renting/leasing and willing to write a letter saying you can use their address as proof of address) I guess that could work too. Worse case maybe get some document with your name and a skybox address on it and hope they ent too dligent with you?

[adnj]

OP own an apartment so proof of address ent a problem. If you renting/leasing (or have some family renting/leasing and willing to write a letter saying you can use their address as proof of address) I guess that could work too. Worse case maybe get some document with your name and a skybox address on it and hope they ent too dligent with you?

That's a Trinidad thing. That doesn't work in the US. Skybox doesn't work either. The addresses are vetted.

[paid_influencer]

OP own an apartment so proof of address ent a problem. If you renting/leasing (or have some family renting/leasing and willing to write a letter saying you can use their address as proof of address) I guess that could work too. Worse case maybe get some document with your name and a skybox address on it and hope they ent too dligent with you?

That's a Trinidad thing. That doesn't work in the US. Skybox doesn't work either. The addresses are vetted.

you know how i know you don't have much life experience

[Chimera]

easiest and also the most robust option is to open a bank account in a US bank. Tons of services are available to accept credit card payments. You can then withdraw to your local island bank at your discretion.

this article may or may not be helpful to you. it shows what local companies have to go through to get US$ credit card payments into local US$ accounts. Multiple third parties involved and no guarantee this method will work in a few years. Island banks always a few steps away from derisking.
https://newsday.co.tt/2023/04/13/how-to ... caribbean/

was wondering- can non US citizens do that?

You can walk into any bank in the usa and use your visa to open a bank account. Takes 15 minutes.

There are many US banks that do require an SSN and proof of residence to open an account.

Things mus be change since I opened mine.

I used my visa and a relatives mail as proof of address.

With Wells fargo

[adnj]

easiest and also the most robust option is to open a bank account in a US bank. Tons of services are available to accept credit card payments. You can then withdraw to your local island bank at your discretion.

this article may or may not be helpful to you. it shows what local companies have to go through to get US$ credit card payments into local US$ accounts. Multiple third parties involved and no guarantee this method will work in a few years. Island banks always a few steps away from derisking.
https://newsday.co.tt/2023/04/13/how-to ... caribbean/

was wondering- can non US citizens do that?

You can walk into any bank in the usa and use your visa to open a bank account. Takes 15 minutes.

There are many US banks that do require an SSN and proof of residence to open an account.

Things mus be change since I opened mine.

I used my visa and a relatives mail as proof of address.

With Wells fargo

The laws passed soon after the US 9/11 attacks tightened a lot of banking requirements and Florida also has it's own rules. But there are still banks that will open an account the way that you described.

In a couple of years, everyone, even US citizens, will be required to prove legal status to enter a federal courthouse or board an airplane because of the same package of legislation.

[Country_Bookie]

TD bank allows non residents with visas to open accounts.

[16 cycles]

What is the return on investment?

FL requires mandatory flood insurance iirc which adds to overheads....

[pugboy]

no tuners ask how much he selling the usd for?

[adnj]

What is the return on investment?

FL requires mandatory flood insurance iirc which adds to overheads....

Rental income for foreign nationals also requires a federal tax ID application and annual filings of federal income tax returns.

IIRC, if you don't file the tax forms, the 30% flat rate kicks in. The owner, the renter and the property manager can all be held liable.

A federal tax lien is also placed on the property when estimated taxes go unpaid.

[pugboy]

^yup
uncle sam don’t play

[MaxPower]

^yup
uncle sam don’t play

Exactly.

Cant just rent out a property jus so without sam eating a food.

[Dave]

Very similar to Trinidad as well. Just the Bir doesn't follow up on those who actually declare their rental expense and income.

What is the return on investment?

FL requires mandatory flood insurance iirc which adds to overheads....

Rental income for foreign nationals also requires a federal tax ID application and annual filings of federal income tax returns.

IIRC, if you don't file the tax forms, the 30% flat rate kicks in. The owner, the renter and the property manager can all be held liable.

A federal tax lien is also placed on the property when estimated taxes go unpaid.

[88sins]

op, short answer to your question, yes. They can pay in US to your local bank account. The real question that you didn't think to ask, is will you be able to access the USD paid into your account in these local banks. And the answer to that, is no. If you in trinidad, they will buy your usd from you at 6.10, and pay you in ttd, and if you insist that you want actual usd sell it back to you at 6.79. So you gonna get robbed, then screwed, and they just might try to charge you a fee for one or the other or both.

As mentioned earlier, better you open an account at a US based financial institution, unless you like the problems i mentioned, and the headache of waiting for months to get your own money in the currency it supposed to be in.

[nightcrawler]

^yup
uncle sam don’t play

Exactly.

Cant just rent out a property jus so without sam eating a food.

Thinking about renting as an AirBNb

[nightcrawler]

easiest and also the most robust option is to open a bank account in a US bank. Tons of services are available to accept credit card payments. You can then withdraw to your local island bank at your discretion.

this article may or may not be helpful to you. it shows what local companies have to go through to get US$ credit card payments into local US$ accounts. Multiple third parties involved and no guarantee this method will work in a few years. Island banks always a few steps away from derisking.
https://newsday.co.tt/2023/04/13/how-to ... caribbean/

was wondering- can non US citizens do that?

You can walk into any bank in the usa and use your visa to open a bank account. Takes 15 minutes.

There are many US banks that do require an SSN and proof of residence to open an account.

Things mus be change since I opened mine.

I used my visa and a relatives mail as proof of address.

With Wells fargo

The laws passed soon after the US 9/11 attacks tightened a lot of banking requirements and Florida also has it's own rules. But there are still banks that will open an account the way that you described.

In a couple of years, everyone, even US citizens, will be required to prove legal status to enter a federal courthouse or board an airplane because of the same package of legislation.

Chase bank Orlando just needs passport with visa and local drivers license