Rental Property Investor · New York, NY · Member since 2019 · 42 posts · 13 votes
Hello all,
Any recommendations for a free property management app to track rent payments? I just started househacking in New York and want to rent out the other rooms. I’m thinking of putting each room on an individual lease, but I don’t know if this is the best strategy. What would you do? And is there a good app to track rent payments, even if they’re coming from different rooms instead of different properties?
Rental Property Investor · Seattle, WA · Member since 2018 · 9 posts · 7 votes
7y
I use Cozy.co. You can setup individual roommate accounts where they pay their portion separately. Its super convenient for both you and the tenant(s) and tracks the payment through the full cycle so you know exactly if and when they setup auto-pay, where the payment is in the process, and when the next payment(s) are scheduled to happen. If I was house hacking I'd have individual leases in place.