Rental Payment Online Collection

[Marcus Maloney]

I need some advice on online rent payment collection services. I was formally with erentpayments.com and we all know how that fiasco went down. Currently I've been having tenants mail the rent, but I'm not fond of that. Can anyone recommend any other online rent collection platforms? I'm currently looking into Cozy, Rent Merchant, and Rentmatic.

Advice needed, Thanks in advance  

[Audrey Ezeh]

Originally posted by @Marcus Maloney:

I need some advice on online rent payment collection services. I was formally with erentpayments.com and we all know how that fiasco went down. Currently I've been having tenants mail the rent, but I'm not fond of that. Can anyone recommend any other online rent collection platforms? I'm currently looking into Cozy, Rent Merchant, and Rentmatic.

Advice needed, Thanks in advance  

Hi Marcus, I think overwhelmingly here you will find that a lot of people use and really like Cozy. Their interface is simple and so far they have proven very reliable. So if you are looking for simple a portal that allows you to collect rent online, then Cozy gets the job done. A major and common complaint is that it takes (seemingly) forever for the payments to hit your bank account. I just got notified today one tenant has paid and I will receive the money on the 7th. You can pay extra to receive it in 3 days though. 

If however you are looking for a property management software that also offers rent collection then you should probably look elsewhere. Cozy is slowly adding PM features but they are not quite there yet.  Let me know if this is something you are interested in and I can shed some light on the portal I use.

P.S: I love your blog posts :)