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Updated over 7 years ago on . Most recent reply

User Stats

40
Posts
16
Votes
Mehdi Khachani
  • Property Manager
  • Miami, FL
16
Votes |
40
Posts

Looking for a tool to collect rent online DIRECTLY on my website

Mehdi Khachani
  • Property Manager
  • Miami, FL
Posted

Hello BP Community, 

I'm looking for a platform that would allow me to collect rent from my tenants directly on my website. I'm aware of the multitude of websites offering the service such as Cozy and TurboTenant but I'm wondering whether I can do it myself. If they can do it, why couldn't I implement a simple tool or use a plugging to do it. My preferred way of receiving payments is ACH because of its low cost/no cost for sender and recipient. 

Thank you for your input! 

Mehdi

  • Mehdi Khachani

Most Popular Reply

User Stats

169
Posts
118
Votes
Paul Ronto
  • Investor
  • Fort Collins, CO
118
Votes |
169
Posts
Paul Ronto
  • Investor
  • Fort Collins, CO
Replied

The simple answer to why people don't have this on their own sites is because collecting ACH payments is not that simple. There's a lot to look out for from fraud, to banking regulations and so forth. The complicated answer is yes you could probably build this if you're a developer but others have solved this problem and added a ton of features around it that make landlording easier, why not use one of those solutions?

What's your goal in only accepting payments? Do you have a specific need in rent collection that the online tools do not offer you? Do you not have a need for the other tools? 

Hope this helps a bit. 

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