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Updated over 5 years ago on . Most recent reply
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How do I collect rent from a peronal website?
Hi guys!
I am about to close on my first investment property and am trying to get everything set up. I have found this neat little website called cozy.co which I can use to manage my personal investment property. However I really want to get into the property management business as a side job and since i plan to manage my own property, I figure it makes sense to throw a few others into the mix since I'm already doing the routine. I have created a website on wix to use for my business and am trying to figure out how to charge rent on this website. I don't want to be sending tenants to cozy when i have my own business website. I feel like that is unprofessional. My problem is that the only way i can find to accept payments on wix is via credit card and is more suited for a retail transaction that collecting rent. That and they want a 3% fee for credit cards which i'm not a fan of giving up just to collect money.
Does anyone have experience with setting up a billing system on a person website? Or know how to "code" in a way to bill. Or even if there is a good plug in that I can use? I'm trying to figure out how to set up my business to operate smoothly online.
Most Popular Reply
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@Alex Nelson , there are lots of ways to address that as per @Justin Kane .
However, just a word to the wise: before you start down the property management road, you should check with your DOS or Real Estate Commission in your state to see if you need to be licensed to perform those services, especially showing apartments, writing leases, collecting rents and disbursing them.
Good luck, and keep us posted.