All Forum Posts by: Matt Shields

Don't get me wrong, I'm all for other people playing the lottery. Matter of fact as part of my campaign platform for president I will eliminate the national debt and abolish the income tax. I will enact the first billion dollar jackpot every month, collecting hundreds of billions from around the world while only paying out a billion. Who wants to be a billionaire? Do I have your vote? :)

Yesterday I was driving to check out a house that I just purchased and stopped at QT to get gas and a drink, then noticed a line out the door. I asked if they were giving away free coffee or something but was told everyone was buying Powerball tickets. I watched as people purchased lottery tickets by the dozens. I would guess that most of these people can barely afford rent and food for their children, but throw money away on State sponsored gambling.

The store employees seemed shocked that I didn't want any tickets. Instead, I decided to purchase another investment house with the money I had saved. While I may not get rich overnight my odds are much better.

Thanks

Anybody have a referral for a title/escrow company that has experience with investors and does hold opens in the Phoenix, AZ area?

If you run a background check and they are a felon but not a sex offender, I think you would open to an $11,000 fine if you did not rent to them. I see a day coming in some cities where landlords will be prevented from asking prospective tenants anything. Landlords will have to raise rents to cover evictions/damage or convert their property owner occupied and sell them. This will contribute to already lacking affordable housing in Seatle. 

http://reason.com/blog/2017/08/18/seattle-bans-landlords-from-running-crim

I'll add that they also have online applications,  allow split roommate payments, and now offer renters insurance. I looked at just about every online landlord system, and while others offer what Cozy does, they are too expensive for the smaller landlord.

Originally posted by @Joe Splitrock:

@Andrew Domingues I have used Cozy for over a year and it works well for my eight properties. eRentpayment is similar but lacks the free option and payments clear faster. I have also had tenants deposit directly in my account at the bank.

Cozy Pros:

-Free

-Purpose built for smaller landlords

-Allows tenants to setup recurring payments or just do one-time payments.

-Landlord can add late fees or deduct off line payments.

-They have tenant application and screening (for a small fee)

Cons:

-Slow to deposit, even when you pay extra for fast deposit. But it shows pending so you know it is in process. Not a big deal unless you can't wait one week.

-Requires checking account or credit card. Not a big deal, but other services may be better for lower income properties.

Originally posted by @Kayla W.:

Hey @Andre P.! This is Kayla from Cozy's support team. I just wanted to clarify that Cozy does allow renters to activate rent reporting to Experian's Rent Bureau, but we only report payments for tenants who choose to activate this option. This only reports successfully processed payments, so the tradeline would simply show "No Activity" for months where your tenants didn't send payments.

 I like your new insurance option.

I use cozy.co . It works well for smaller portfolios.