What online payment for rents to multiple bank accounts?

What online payment for rents to multiple bank accounts?

Investor · Los Angeles County, CA · Member since 2012 · 962 posts · 279 votes

Hi this question is for landlords and property managers: What are your favorite ways to received rent payment online? 

 I've heard good things about cozy, erentpayment, and intuit


I'd prefer something that can also receive credit card payment for lower income tenants.  Also less fees and convenience are preferred.

Also does anyone use a swipe system like paypal or square for late payments or deposits etc?

I'm trying to automate my system instead of having to cash the monthly checks.

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Investor/Syndicator · Cincinnati, OH · Member since 2014 · 470 posts · 599 votes
10y

We use the property management software called Buildium which has all the features you listed and much more all built specifically for Property management. 

I highly recommend checking them out. 

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  • Reno, NV · Member since 2016 · 328 posts · 97 votes
    10y

    I applied to accept ACH payments. I don't accept credit cards/PayPal because I fear a tenant might get nasty and do a chargeback. I also give the tenants the option of deposit only ATM cards

  • Investor · Cathedral City, CA · Member since 2014 · 481 posts · 170 votes
    10y

    If you do credit cards and you get to the end of the lease, then the tenant moves out, they can initiate a chargeback.  And who will pay 2.75% on monthly rent just for a payment?

  • Investor · Los Angeles County, CA · Member since 2012 · 962 posts · 279 votes
    10y

    Oh gotcha on the chargebacks... I'll just be looking into ACH or debit payments.

    So what do ya'll prefer: Cozy, eRentPayment?, or Intuit??

  • Investor/Syndicator · Cincinnati, OH · Member since 2014 · 470 posts · 599 votes
    10y

    We use the property management software called Buildium which has all the features you listed and much more all built specifically for Property management. 

    I highly recommend checking them out. 

  • Investor · Los Angeles County, CA · Member since 2012 · 962 posts · 279 votes
    10y
    Another question for you those of you who use app folio is it worth the extra cost over a building in or cozy I've done just some research as I'm really busy and manage about 30 units some SFR and some apartments is app folio worth extra payment for peace of mind or four usability I'm just trying to get this stuff straight before I go with a whole new system right now it's just a big **** up some paid cash others pay direct posit etc. because some are real low income and others are nice single-family houses. Dictated from my phone
  • Investor · Los Angeles County, CA · Member since 2012 · 962 posts · 279 votes
    10y
    BHoldout. Buildium. App folio or cozy.
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