Accepting Venmo, Cash app, square as methods to pay rent?

[Isaac Curiel]

What are you’re experiences accepting those forms of rent payments?

I am almost done turning my primary residence into my first rental and was thing of accepting those forms of payment ( plus a service charge). Or do I use something like Rentredi?

Any insight will be greatly appreciated.

[Eric G.]

@Isaac Curiel

I don’t use any of those services. I use Cozy. The reason I don’t use those services is that I’m not aware of any way to block or prevent a tenant from making a payment to you. That only becomes an issue during an eviction scenario. In California, once you serve a tenant a 3 day notice to pay rent, any acceptance of rent starts the process over.

So here’s a nightmare scenario: you serve a 3 day notice, then on day 3 the tenant makes a $1 Venmo payment to you. The clock starts over and you have to re-serve a new 3 day notice.

If you can’t turn off a payment source, I wouldn’t use it.