Skip to content
×
PRO Members Get
Full Access
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime.
Level up your investing with Pro
Explore exclusive tools and resources to start, grow, or optimize your portfolio.
10+ investment analysis calculators
$1,000+/yr savings on landlord software
Lawyer-reviewed lease forms (annual only)
Unlimited access to the Forums

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
New York Real Estate Q&A Discussion Forum
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 6 years ago on . Most recent reply

User Stats

3
Posts
1
Votes
Joshua Edwards
1
Votes |
3
Posts

$20 Background and Credit Check Fee Question

Joshua Edwards
Posted

My understanding of the recent change to the law in NY is that a landlord can only charge a max of $20 for a background and/or credit check. We would like to start using Cozy or Zillow Rental Manager for our rentals to collect payment and screen tenants etc. Those 2 sites charge more than that for those services. My question is this: If one of those sites is collecting the monies for the background and credit checks, and we are not, am I staying within the new laws?

Most Popular Reply

User Stats

351
Posts
441
Votes
Erik B.
  • Rental Property Investor
  • Amityville, NY
441
Votes |
351
Posts
Erik B.
  • Rental Property Investor
  • Amityville, NY
Replied

Thats a good question. My original thought was to just charge them the $20 and pay the difference or to just pay the whole charge myself to keep it simple after a lot of prescreening. 

Cuomo really has gone and screwed up the whole system (among other things). Where did he come up with $20 as the number? You cant so much for $20 bucks these days.

Loading replies...