All Forum Posts by: Johnathan Cody

As a new investor I quickly ran up my debt to income ratio with two properties(the bank wont count my rental income for two years). Ive bee looking at hard money lenders and other ways to obtain properties. How does HML work and what are some of the pros and cons? What would be a good rate from a HML?

Thank you everyone for your input. I have decided to go with a 3rd party payment collector that has their own secure way of collecting rent.

Thank you everyone for your replies! 

Has anyone used eRentPayment.com? is so how did it go? would you recommend it? I am new to the rental world and only have 1 unit but I would like to report payments to credit agencies and make paying rent as easy as possible for the tenants. Any other site you would recommend? My first rental is a higher end property that is being rented out for $2800 per month in Wisconsin. 

I recently created a website for my future tenants/buyers to be able to see my homes available, applications, contact info, testimonials etc. Wondering how do I add a payment option to the website so I can collect rent and other monies owed without having to go through a third party that takes a fee from it? I've considered cozy because you can add payment button onto a website but like i said they want a fee and I'm in the high rent side of business. Right now one of my properties rents for 2800 per month and the fee cozy wants to charge would add atleast another 100$ to the tenants.