Convincing tenants to use electronica payment

[Elford Stephens]

 Hi, we are new real estate investors. We just purchased our first property.    The tenants are accustomed to paying their rent to the old owner in cash. This will not work for us.  We would like them to use some form of electronic payment either direct deposit or Cozy.co.   One of the tenants would like to mail us money orders. Her concern is that she is a new renter and she would like to be able to keep track of her payments.   What arguments would you use to persuade her to use electronic payments? 

[Max T.]

Not only does cozy keep track of rental payments, it gives tenants the option of reporting them to the credit bureaus, thus building the credit score for a new renter. That should help convince her.