All Forum Posts by: John Kunick

Thanks for invite.  Think I'm out of town that day

@Amy H., no I've never had that happen.  But, if it did, I would be contacting that tenant pretty quickly just as I would if a check were to bounce.  Have you ever had it happen?  I like that there are no fees either way with Venmo.

Thanks all.  If I am reading Cozy correctly, they charge the tenant a fee, but not the landlord?

WE have found SimpleScreening.com to be very helpful.  We have tenant fill out application (eight pages) and pay $40 (what it costs to do Simplescreening.com background and credit check.  IF they  are not willing to pay $40 then that tells me they are not that interested.  This acts as a good filter.  Eve, anything that you can find on OSCN will show up on SS plus lots more.  SS is much more comprehensive.

Can someone explain Cozy and erentpayment?  I'm not familiar.

BTW, funny story.  My wife and I were on nice tropical beach in January just reading books, sipping adult beverages and enjoying our vacation.   In the span of about ten minutes, I got the cash register sound three times when three tenants paid rent.  My wife wasn't sure what the sound was for so when I explained it to her, she was impressed and just said "this is the life...  We get to sit on a beach and get paid!"

So, I will modify my original post about Venmo.  First, I strongly encourage my tenants to use Venmo and to pay their rent that way.  I get a cash register sound on my iPhone when someone pays me via Venmo.  I love it!  I then just hit "Transfer to Bank" and it literally is there within 24 hours.  I also use Venmo to pay some contractors and have had contractors sign up for Venmo and they love the ease of use and instant payment capabilities.

When do I not use Venmo?  If I have a new tenant that I am wanting to monitor them for the first few months, I will make arrangements to pick up their rent.  I don't let them bring me the rent unless we meet at a neutral site.  But, most of the time I ask to pick up the rent at the property so I can do a quick inspection and just check in with them.  Once a few months go by and I feel confident that they are meeting/exceeding expectations, then I ask them to start paying with Venmo.

I do have a couple of tenants who are not tech savvy so I don't require them to pay with Venmo.  But, I do make them either meet me and collect rent or I give them a deposit slip and ask them to deposit their rent into my bank and communicate with me when that is done.  I do have a separate account set up for all of my rental properties.

I use Venmo.  It is so easy and free.

Rubin, good luck.  I sent you a colleague request.  I've helped mentor several others in the Tulsa area.

Jeff, I agree that greed played a role.  But, government and liberals started it in 1976 with Community Reinvestment Act.  Without that, nothing else would have happened.  

Jeff, this might not be politically correct, but what got us into the financial crisis/real estate crisis was GOVERNMENT.  Yes, banks and mortgage brokers were doing stupid stuff, but it was simply due to government and stupid liberals getting involved via Community Reinvestment Act and the resultant incentives to have people into homes that could not and should not have been getting loans in first place.

Pisses me off when I hear people blame banks and others for those that lost their houses.  My question:  Who held a gun to those people's heads and forced them to take out loans?  HMMM?  The only response is that those people were too stupid to know what they were doing?  Really?  If the government (Barney Frank, Chris Dodd, Bill Clinton, Jimmy Carter, Franklin Raines, etc..) would never have incentified banks to make those loans, none of it would have ever happened.

OK, stepping off the soap box!