Owning the most historically proven asset class, income property, is getting easier. This new service allows landlords to screen tenants, view credit reports and collect rents from a smartphone or tablet. There are nominal fees built into services like debit card processing and the obtaining of a credit report which are paid for by tenants. Professional property owners now have a one-stop shop for managing their income properties, no matter where they are in the world.

Key Takeaways:

[2:59] What exactly is Cozy and how did it start?

[6:12] A landlord has access to a tenant’s credit report without the chance of identity theft

[7:11] An agent can only use the screening tools or the full-service option

[10:45] Can a landlord can still add an application fee to cover their time spent?

[13:30] Credit reports & background checks have a fee associated with them via Cozy

[15:22] Automated Clearing House (ACH) payments are free between landlord and tenants

[17:57] Cozy eats the cost of transactions in exchange for client satisfaction

[19:12] 2 ways for a landlord to initiate payments

[21:33] Cozy’s goal is to be the best one-stop shop for realizing rent payments

[23:43] Rental markets are in the U.S. are fragmented and hard to access

[26:30] Cozy is available on your phone or tablet and new services are coming

Mentions:

Cozy

@cozyco

Tweetables:

The fragmentation aspect of income property benefits small to mid-size investors.

We help landlords by eliminating the hassle of rent checks and screening new tenants.

Landlords will be notified when rent payments are received, removing the need to manually check.

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