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Updated almost 8 years ago on . Most recent reply

Is the Rent On time or Late?
I've been having a discussion with some friends on FaceBook about when rent is late. I use Cozy for rent collection for my Maryland property. My tenant didn't start the Cozy transfer until today, October 1st. My FB friends said since she started the transfer on the first, the rent is not late. I said, the funds aren't in my account and there is no promise that the transaction will go thru so therefore I constitute the rent being late. I'm curious to hear from you guys your perspective on this.
Most Popular Reply

Late or not is a discussion you needed to have with the tenant before they started paying through Cozy not after.
If you did not make it clear in advance then they were to start the transfer you dropped the ball. You let your tenant decide when he pays.