Choosing Rent Processing Platform

[Nikki Kofkin]

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.

[Carolyn Fuller]

Recently, a landlord on Bigger Pockets did a lot of research into alternatives to Cozy for rent collection. Here is what he reported about Rentler:

Rentler https://www.rentler.com Free. Favorite amongst tenants. Particularly good feedback on UI and tenant signup process and also because they report rent payments to credit bureaus, increasing tenant credit scores - that's a win for tenants AND us.

My Cozy account was moved to apartments.com at the beginning of the month. I'm sticking with it for now until I run into any snags. So far, the rent collection interface is pretty similar to the cozy interface.