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Updated over 7 years ago, 07/07/2017
Cozy rent due early to arrive on the 1st?
I just have them initiate on the 1st. This July is particularly slow since the 1st fell on a Saturday and the 4th was a holiday. But if timing of the deposit creates potential cash-flow issues, I'd pay the extra $3 to get the payment expedited. For me, the convenience of using Cozy for my tenants and me far outweighs any inconvenience the delay in depositing causes. Since my state requires me to give my tenants an option of payment that is neither cash nor electronic funds transfer, I wouldn't want my tenants to shy away from EFT because they could send a check in 5 days later.
@Don Daniels, I would doubt that legally you could ask them to pay early. If their lease says rent's due the first then it's due the first, not early because it's more convenient for you.
I require payments made by the 25th. That way they typically clear prior to the 1st.