Whats the best Rent collection app

[Mark Perea]

What is the best and easiest way to collect rent. Dose anyone have a favorite app?

[John Warren]

@Mark Perea if you are just starting out with a small number of units then I would recommend using venmo, pay pal, google pay, chase quick pay, or zelle. The advantage to most of these is that they get the cash to you very quickly for free. The issue you have as you scale is that these are not designed for business use, and if they flag you as a business they will shut you down pretty quickly. 

I switched to cozy.co last year, and currently am managing 29 units in the Berwyn/Lyons, IL area with just cozy. I like it on the whole, although I do not like how slowly the money hits my account. This is the downside of having it for "free". If a tenant initiates payment on the 5th, I will receive it around the 12th. If the payment bounces, I won't find out for about that full week!

On the whole, I will probably be sticking with cozy.co for now. The benefits greatly out weight he downsides.