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Account Closed
  • Investor
  • Indianapolis, IN
39
Votes |
117
Posts

How are your tenants paying rent?

Account Closed
  • Investor
  • Indianapolis, IN
Posted
The ach service that I was using for rent payments has been absorbed by another company. Upon review of the new service, I decided to look elsewhere. I looked at Cozy but there ach payments take 5 business days to process unless you pay a fee for express service. I was getting 2-3 day service for free. Who are you using for this service?

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77
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65
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Christian Allen
  • Investor
  • Providence, RI
65
Votes |
77
Posts
Christian Allen
  • Investor
  • Providence, RI
Replied

I use Venmo.  Doesn't allow for recurring payments to be setup on the tenants side but is pretty quick to transfer the money to your bank.  My tenants are primarily millennials, most of which have Venmo already.   

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