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Updated over 6 years ago on . Most recent reply

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Luis Valdez
  • Rental Property Investor
  • NJ (new jersey)
11
Votes |
68
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Collecting Rent as a Landlord

Luis Valdez
  • Rental Property Investor
  • NJ (new jersey)
Posted

What's your method of collecting rent? 

Do you know about any free online portals?

Does anyone use venmo/paypal/cashapp/zelle? If so are there any fees when collect over a certain limit?

Thank you all!

Most Popular Reply

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5,116
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5,174
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Kyle J.
  • Rental Property Investor
  • Northern, CA
5,174
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5,116
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Kyle J.
  • Rental Property Investor
  • Northern, CA
Replied

@Luis Valdez  I have tenants that pay by Cozy and Zelle, but if you're looking for "online portals" Cozy is the way to go.  It's free and geared towards landlords/rent collection.  With other platforms (Zelle, Venmo, etc) you can run into payment limits, or certain banks that they don't work with.  And sites like erentpayment charge for their service, whereas Cozy is free.  Not to mention the previous issues other users have had with erentpayment: https://www.biggerpockets.com/forums/52/topics/499696-beware-of-fraud-by-erentpaymentcom.

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