All Forum Posts by: Sami Gren

There are various applications that allow landlords to collect rent, manage payments, and disburse funds. These platforms can streamline the rental payment process, providing convenience for both landlords and tenants.

For you as a landlord, such an app could offer features like automated payments, tracking rent history, and direct bank transfers. However, it may require you to sign up and link your bank account, so it’s essential to verify the app’s legitimacy, security, and any associated fees before proceeding.

Your tenant mentioned that the app helps build their credit, which is a feature some rent payment platforms offer. They typically report rent payments to credit bureaus, helping tenants improve their credit scores. However, the fact that your tenant intends to pay $800 through the app while their rent is $1,200 raises questions, it’s worth clarifying whether they plan to pay the remaining $400 separately and how that affects both of you.

Before signing up, consider reviewing the app’s terms, checking online reviews, and confirming how quickly payments are processed to your account. If you have any concerns, you may also discuss alternative payment options with your tenant.

 I second this, I use rentredi for my personal properties and it makes life super easy.  They can pay for the credit boost as well

@Sami Gren Happy to help! What if any property management software are you using right now? And are you using that software to collect rent? 

For example I use RentRedi and offer that as one of the options for my tenants to pay rent. Do you offer anything like that currently? 

 First, I wouldn't accept partial payments ever. Paid in full always. 

Second, as others have mentioned your lease should likely state acceptable forms of payment. You're not required to accept payment via this app. 

Third, If you want to offer an alternative (which you're not required to) - If you have a PM plaform like Baselane or RentRedi (free for BP Pro members) you can offer credit boosting for tenants that pay on time. There is a monthly fee associated for this but if the tenant is serious you can offer it to them at cost. All this does is report their payments to the credit bureaus like how your credit cards or car loan company reports payments to the bureaus. 

Sorry, no can do…

For all you know the “rent app” sides with tenants. They can say you failed to make a repair and wish to withhold ent to get previous rent returned. 
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I’ve been exclusively EFT for years. The money is deposited in the 1st even, if it’s a Sunday or a holiday, it can’t bounce, and it can’t be taken back. 
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There have been so many changes to make people with bad credit look good they should be fine without this change. 

@Sami Gren

Did the tenant discuss this with you or ask you beforehand? I would not be rushed into using it. I would request they pay rent the usual way, and then you can decide whether or not you want to utilize the app in the future. 

@Sami Gren  it is illegal to edit a contract midterm, even with the tenants consent. You will have to rewrite the contract. The main reasin is for a better clearance of liability. with you editing a signed contract, that has a high Probability of letting a tenant be able to void the contract and it actually happening. Regardless when that edit was made to the contract , they can still use that against you as a landlord breaching contract.