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jasonkeith

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Posts: 1
Reply with quote  #1 
Hi! Curious to know what online tools or apps you're using to communicate with your tenants? A tenant recently told me about Rentigo, which lets landlords connect directly with tenants to collect rent and handle maintenance issues. In addition to that, it's completely free for an unlimited number of units. My tenant asked me to sign up so they can use the Rentigo app to pay their rent and I love the idea of managing my rental properties all from my smartphone. Overall, I think it sounds great. Curious to know if anyone has had any experience with this? Thanks!
AccidentalRental

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Posts: 52
Reply with quote  #2 
Rentigo charges for payment processing.

Cozy is the only service that doesn't charge the landlord or the tenant as far as I know. Here's a comparison of several online rent collection services for reference. 

Cozy recently added more features like Maintenance and Expense Tracking. Still for free. I've been trying those out too. The Expense Tracker is simple to use but might not be suitable for tracking every type of rental property expense (e.g., mileage). 

But all in all, Cozy is by far the best in my opinion.

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Domenick | AccidentalRental - A profitable resource for new landlords

Jessie85

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Posts: 2
Reply with quote  #3 
Hi Domenick - Hoping to clarify Rentigo vs. Cozy. First of all, Rentigo is completely free for property managers and landlords but tenants do pay a small processing fee - as do Cozy users. If I'm not mistaken Cozy charges 2.75% for credit and debit cards. Rentigo's fees are smaller: 2.5% for cc and 1% for debit cards. 

Rentigo also offers the advantage of property management "on the go." Landlords can check on their properties, manage maintenance requests and generate reports through a simple app on their smartphone. We've designed it to be as user friendly as possible for both landlords and their tenants to make property management a lot easier.

I'd be happy to answer any questions you might have about Rentigo or explain how it works. You can also read more about us in an article we wrote for Real Estate Tech News

- Jessie (Rentigo) 



 


AccidentalRental

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Posts: 52
Reply with quote  #4 
Hi Jessie. Thanks for the clarification. To be clear though, Cozy doesn't charge for ACH like other services do. That's what I meant by free for both landlord and tenant.

On the Go is a nice feature but overall I prefer Cozy. If they ever let me down, I'll be sure to check out Rentigo.

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Domenick | AccidentalRental - A profitable resource for new landlords

LLinVA

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Posts: 216
Reply with quote  #5 
I find it hard to believe that any company is going to do electronic payments at no cost. That business would be out of business after their first transaction. Those transactions have actual fees and someone needs to pay them. On top of that, the company needs to actually make money beyond covering those definite fees.
AccidentalRental

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Posts: 52
Reply with quote  #6 
Hi LLinVA,

Cozy charges for Screening, Credit and Rent Analysis reports. They also offer Renter's Insurance. I'm sure they make a commission on that as well. But they don't charge the landlord or the tenant for the ACH transfer. Yet.

They are still in startup mode and are focused on acquiring new users. I'm sure they will change their model as they mature or get bought out. But for now it's a great deal in my opinion. 

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Domenick | AccidentalRental - A profitable resource for new landlords

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