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Updated about 6 years ago on . Most recent reply

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29
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Nicholas Seaver
8
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29
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Charging Rent on a Credit Card

Nicholas Seaver
Posted

Hello, I am about to open the doors on a rental property where I will do mid-term rentals (1 - 9 months) for traveling military professionals. My question is regarding the billing product/software utilized for changing rent. Below are some requirements: 

- Charge Credit cards (include AMEX [very popular among clientele]) 

- Provide itemized receipts

- Provide refunds

- Retain card info for future/reoccurring purchases (next month billing)

- Charges will range from $1200 - $2800 

- Both in person / not in person charges 

Do you have any experience with this type of billing? What should I be aware of while shopping for a product? Any lessons learned? 

Thanks BP Fam! 

Most Popular Reply

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2,778
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Mike McCarthy
  • Investor
  • Philadelphia, PA
1,849
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2,778
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Mike McCarthy
  • Investor
  • Philadelphia, PA
Replied
I’d probably look into using a product like Square. They allow you to do recurring payments, invoices, etc. I think that’s a better solution than a property management tool since it will do invoices, receipts, refunds, etc. As much as I love Cozy, I don’t think it would fit well into your use case.

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