What do you use for rent collection services?

[Boe Stingley]

Hello all! I just purchased my first rental property and I’m curious what service everyone’s using to collect rent. I’ve heard Cozy is good but I’m trying to weigh options. Thanks in advance!

[Dave Spooner]

@Boe Stingley it really depends on what you're looking for. Cozy is a great product, but it's bare-bones (by design). It's missing functionality and flexibility that a lot of landlords need.

Some of it is basic, like charging any recurring bill other than rent. Other missing pieces are more substantial, like signing and storing documents online. It also can't integrate with Quickbooks, so you may end up doing double entry if you're using QB for accounting. Cozy is usually great if you have a couple of very straightforward, by-the-book properties. But if you want to grow or you have anything unique, it may not be a perfect fit.

What kind of functionality are you hoping for in your software?