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Updated over 3 years ago,

User Stats

82
Posts
32
Votes
Nikki Kofkin
Pro Member
  • Real Estate Agent
  • Chicago, IL
32
Votes |
82
Posts

Choosing Rent Processing Platform

Nikki Kofkin
Pro Member
  • Real Estate Agent
  • Chicago, IL
Posted

Hi all! I am looking into getting a new rent payment processing platform. I want one that's free for both landlords and free ACH payments for tenants. From my research, my top 4 picks are Cozy (via Apartments.com), Rentler, TurboTenant, or Zillow. Wondering if anyone was deciding between any of these options, and why you picked what you did? 

A little backstory, I have one condo rental and will soon have two more units in the same building (house hacking it and living in the third). I have the two properties under one LLC per my tax advisor's direction. I opened two checking accounts for the business and was planning to have tenants use Zelle into the respective checking account but then found out this: "Unfortunately each business entity can only be associated to one checking account. At this time you can not set up another email for the same entity and have it directed to another account under that business. This could change in the future as we are continuously making enhancements to our online platform." So, I believe I need to find a payment processing platform so I can collect rents to deposit into my separate accounts.

  • Nikki Kofkin
  • Loading replies...