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Updated about 4 years ago on . Most recent reply

Subbu Munagala's profile image
Subbu Munagala's profile image
Subbu Munagala
  • Investor
  • Member since Dec 25, 2020
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11
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9
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Subbu Munagala's profile image
Subbu Munagala's profile image
Subbu Munagala
  • Investor
  • Member since Dec 25, 2020
Connect
Subbu Munagala
  • Investor
9
Votes |
11
Posts
General Landlording & Rental Properties

Automatic rent collection

Subbu Munagala
  • Investor
Posted

Happy New Year.

I want to set up automatic rent collection from my tenants every month. So far, they have been going to bank and deposit into my account. I researched and found Cozy, Zillow and other apps like CashApp, PayPal. I would love if it is free for both me and my tenant.

I am thinking tenants will be extra careful if the rent payments are reported to Credit Bureaus. But, I don't if this is a common practice or deters tenants.

What are your experiences and suggestions?

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