Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
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 over 7 years ago on . Most recent reply

User Stats

18
Posts
2
Votes
Kristi Beeksma
  • Woodbury, MN
2
Votes |
18
Posts

cozy co rent collection with roommates

Kristi Beeksma
  • Woodbury, MN
Posted

Planning to use Cozy for rent collection for a property housing 4 roommates, and it looks like it has a feature to request payment and collect from each of them individually.  Does that work for people or do you just have it set up for one payment from just one of them?  seems easy to set up initially, but wondering if I should charge whomever is late a late fee individually - just didn't seem like all should be penalized if they were on time with rent.  Also, one roommate has a dog, so they offered to pay the extra $50/month required for the pet.  Any thoughts on this based on these online rent collection programs?  thank you!

Most Popular Reply

User Stats

7,341
Posts
10,046
Votes
Mindy Jensen
  • BiggerPockets Money Podcast Host
  • Longmont, CO
10,046
Votes |
7,341
Posts
Mindy Jensen
  • BiggerPockets Money Podcast Host
  • Longmont, CO
ModeratorReplied

@Andrew B. gives you some good advice, @Kristi Beeksma

If you are renting by the room, then collect by the room. If you are renting the entire house, tell them upfront that THEY need to designate one person to pay the rent. That one person is responsible for making sure you are paid every month. 

Loading replies...