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.
[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