Renters with low incomes are less likely to have a savings account, so they must pay with cash, check, money order, or cashier’s check. Due to the traceability and guarantee of funds, property managers tend to favor money orders or cashier’s checks over the other options. However, for personal checks, there’s a possibility that it will bounce. This means there isn’t have enough money to cover a scheduled payment. When this happens, the depositor’s bank does not honor it, which can lead to fees and banking restrictions.