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Updated about 7 years ago on . Most recent reply

User Stats

116
Posts
39
Votes
Donald Howaniec
  • Investor
  • Indianapolis, IN
39
Votes |
116
Posts

How are your tenants paying rent?

Donald Howaniec
  • Investor
  • Indianapolis, IN
Posted
The ach service that I was using for rent payments has been absorbed by another company. Upon review of the new service, I decided to look elsewhere. I looked at Cozy but there ach payments take 5 business days to process unless you pay a fee for express service. I was getting 2-3 day service for free. Who are you using for this service?
  • Donald Howaniec
  • Most Popular Reply

    User Stats

    77
    Posts
    65
    Votes
    Christian Allen
    • Investor
    • Providence, RI
    65
    Votes |
    77
    Posts
    Christian Allen
    • Investor
    • Providence, RI
    Replied

    I use Venmo.  Doesn't allow for recurring payments to be setup on the tenants side but is pretty quick to transfer the money to your bank.  My tenants are primarily millennials, most of which have Venmo already.   

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