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Updated 9 months ago on . Most recent reply

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4
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10
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Harshraj Thakor
10
Votes |
4
Posts

What's the best software/way to collect rent for house hacking?

Harshraj Thakor
Posted

Hi, I live in Charlotte, NC and I am brand new to house hacking and real estate I have 4 rooms in my house to collect rent from and I am looking for the best software/way to collect rent/manage the property. I need a software/tool that can help me collect rent from 4 different tenants in the same property. Also, it would be great if I could get some suggestions on what website/tool to use to do background checks and e-sign lease agreements.  

And if you have any suggestions/advice for someone who's just getting into house hacking please feel free to put them down. I would love to gather as much knowledge as possible. Thank You

Most Popular Reply

User Stats

315
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272
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Daniel McDonald
  • Real Estate Agent
  • Beverly, MA
272
Votes |
315
Posts
Daniel McDonald
  • Real Estate Agent
  • Beverly, MA
Replied

HI @Harshraj Thakor, I am a 2x house hacker just north of Boston. Great strategy, it has truly been a game-changer for me! Congrats on taking this huge leap. I have always used apartments.com (Which used to be cozy) to collect rent and I have had no complaints! It's free which is nice and does what I need it to. Rentredi is also a popular one (paid service) but I can't give my personal experience on that. You can create "tenants" in apartments.com and charge them whatever you want so no issue there on renting by the room. I just get an email every month, don't even think about it. As for e- signing dotloop is what i use in my agency business and it's very easy. However, you pay for it. If you're already living there I suggest saving your money and just having them sign it in person. You can upload it to apartments.com after for everyone to have access too. Why spend where you don't need to. Just my two cents!  

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