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Updated almost 4 years ago on . Most recent reply

User Stats

8
Posts
4
Votes
Tyler Aube
  • Real Estate Broker
  • Storm Lake, IA
4
Votes |
8
Posts

Admin Fee for collecting rent manual vs. EFT

Tyler Aube
  • Real Estate Broker
  • Storm Lake, IA
Posted

Good Afternoon,

We started setting up our properties with Cozy.co a few years back (Now Apartments.com) 

We have a few tenants that have yet to switch. Is it possible to charge an administrative fee for collecting rent manually vs through EFT? 

More steps in the process to manually collect and reconcile vs the accounting system we have set up with EFT payments. 

Time = $$$, Just un familiar with the legality of a fee like that or parameters around requiring someone to use online portal. 

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