Hey guys how are you guys collecting rent right now

@Marvin Bobb We currently use Rentler (the free version) I think there is a paid version not sure. But we've been using it for over a year for 4 units.

I'm a big fan of Cozy. Easy to use for automatic rent collection, maintenance requests, screenings, etc. It's been working great for my rent-by-the-room rentals as well.

COZY. Have then set up automatic payment and deposits right into your account. Only downside w cozy is it takes at least 5 days to reach your account.

@Marvin Bobb. I opened a bank account very close to the units and had them deposit it there. If they requested, I sometimes picked it up if I was going to be in the area.

I've been using Zillow to post my rental, esign my leases and collect rent. No fees unless they don't pay by bank deposit, which incentivizes them to want to set to autopay. There are fees if you list multiple rentals at once, which by the time I have that problem, I'll be at enough units to outsource the property management.

Rental management company. Pay the 10% and let them handle everything.

I have 2 units paying with Zelle, and 2 roommates in one unit uses cozy.co which I love. Next time around, I'm going to put it into the agreement that they have to pay via cozy, or something similar.

Small landlords can use Zelle or Paypal. Works great. If you have a business account you can work another way. Perhaps using a property management software to collect. EFT payments.

Cozy is really popular I see. We use Cozy, Zelle and Paypal. Appfolio is great for properties over 50 units. Very user friendly. Tenants can also mail in rent payments which most of our seasoned tenants prefer over new technology. Having several options is best and will help rack in your rents timely and tracking is super easy.

@Marvin Bobb Venmo. I set up an account separate from my personal account and even used my company logo. I also use it as a way to remind my tenants to change their air filters every month to keep their electric bill low 😉 by commenting on their transfer.

How are you guys collecting rents?How are you guys collecting rents?

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How are you guys collecting rents?

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