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General Landlording & Rental Properties

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59
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Nathan Ku
  • New to Real Estate
  • Union City, CA
13
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59
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how do you collect your rent ?

Nathan Ku
  • New to Real Estate
  • Union City, CA
Posted Aug 12 2017, 09:51

For all the landlords - I have a word of caution for you. Avoid using online services like Cozy for your deposits and rental payments. They have the ability to withdraw funds as desired by tenant. I found the hard way, the deposits made by these services can be removed without your approval. They only provide FYI emails  -saying  something like - we are removing the funds we deposited into your bank.  You, as a landlord have no ability to stop this action, neither via your bank nor via this service.

Looking to learn other experiences on how other landlords are collecting rent.

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