General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 5 years ago,
Has Anyone Collected Deposit and First Month's Rent Through Cozy?
I am meeting with two potential tenants tomorrow with the intent that they will sign a lease for our property (that they found using Cozy). I am not sure if I should go ahead and invite them to pay the deposit and first month's rent through Cozy tonight(seems presumptuous to me since they have only seen a video tour and they are flying in from out of town to view it in person tomorrow). I am a new landlord (managing my Dad's rental as his Rental POA), and have only ever accepted a check for first month's rent and deposit at the time of contract signing(signed my first tenant for this property last year). Cozy asks to put in the date that the rent and deposit are due, so I'm not even sure if I should put in tomorrow's date(when we are meeting with the intent to sign a lease) or October 1st ( the beginning of the lease)? I am happy to sign them a few days early as long as they are paid up-- but will this delay their payment if I make the due date October 1st or can they just pay early tomorrow? I would set up the account tomorrow after they agree to sign, but entering in all the of the check routing info in front of them through my smart phone after they agree to sign a lease seems unwise.
I guess I am wondering if anyone has used Cozy to collect deposit and first month's rent and how that coordinated with the lease signing/handing over of keys?
Thanks in advance for your help.