There are dozens of services to collect rent in US Dollars online, including Venmo, PayPal, Apartments.com (formerly Cozy), ZRent, and RentHelper. Or should you use Bitcoin? This presentation will explore these options and more.
We will start by reviewing the pros and cons of digital rent collection. For instance, digital rent collection has a big disadvantage: when you knock on a resident's door to collect rent in person, you can connect on a personal level and learn what's new and in need of attention. We'll discuss this and other things we've lost with moving online. But the advantages are numerous: less work, more traceability, and custom payment schedules, to name a few.
We will explain in-depth:
- Fundamentals of moving money over networks, including credit cards and ACH.
- Costs, risks, and effort required with various services like Venmo and PayPal.
- Which services leave the owner in control of collections during eviction proceedings
- What changes are coming now that Cozy has been absorbed by Apartments.com.
Attendees will leave with an understanding of how money moves in the US and where to learn more about various methods for collection.
This presentation will be given by Doug Quattrochi, Executive Director, MassLandlords, Inc. Doug was a founding member of MassLandlords in 2013. He became the association's first Executive Director under new bylaws in 2014. Since then, he has scaled the organization from a core of 160 members in Worcester to approximately 2,200 dues paying businesses from Pittsfield to the Cape, and from an all-volunteer team to approximately 20 full and part-time staff plus 50 volunteers. Doug has been instrumental in advancing democratic governance mechanisms, including score voting for policy priorities and a staggered and democratically elected Board of Directors. Doug also oversees the RentHelper spin-off, which is expanding access to electronic banking for those of us who are unbanked or underbanked. Prior to MassLandlords, Doug held leadership roles in various Massachusetts startups, two of which are still operating. Doug holds a Master of Science in Aerospace Engineering from the Massachusetts Institute of Technology.
Networking time will be moderated by Dana Fogg and Erin Zamarro.
Dana started his rental business in 1994 with his first Multifamily in Watertown. Since then, Dana and his wife have purchased and sold rental properties around the Metro West area. They now have 9 Units in Watertown and Marlborough. Dana is the Vice President of the Metro West Property Owners Association.
Erin lives and works in Worcester. Erin is a real estate broker at A.A. Zamarro Realty, an independent brokerage which has operated in the Worcester residential and commercial real estate markets for over 50 years. Our office frequently works with buyers and sellers of investment property. Erin is a Certified Massachusetts Landlord™ as well as a member of the National Association of Realtors. Erin received a B.A. from Holy Cross and an M.B.A with a concentration in Marketing from Clark University.
"No Sales Pitch" Guarantee
MassLandlords offers attendees of directly managed events a "No Sales Pitch" guarantee. If a guest speaker offers services, their presentation will not discuss pricing, promotions, or reasons why you should hire them. We do not permit speakers to pay for or sponsor events. Guest speakers are chosen for their expertise and willingness to present helpful educational content. Your purchase of an event ticket sustains our nonprofit model.
Open to attendees statewide
You are welcome to participate in this virtual meeting no matter where you are.
Wednesday, Sep 1st
Virtual Meeting Agenda
- 5:00pm Sign-in and virtual networking: you can chit chat with others as people log in
- 5:40pm Business Update
- 6:00pm Rent Collection Software
- 7:00pm Virtual meeting ends
Participation is Easy
We have two formats of online events:
- Virtual meetings include optional audience participation via video, phone, and screenshare and are not recorded.
- Webinars have limited participation options (typed questions only) and are recorded.
Our virtual registration desk is open for all events one hour starting 30 minutes prior to the event start time. Call 774-314-1896 or email firstname.lastname@example.org for live, real-time help signing in and using your technology.
If joining a virtual meeting, please use the zoom "test audio" feature. You will be allowed to talk to others if your microphone is good and there is no background noise. We reserve the right to mute anyone for any reason. Attendees without a microphone or who don't want to be heard can type questions.
Virtual Meeting Details (hosted by Zoom)
We will share our video, audio, and computer screen and slides.
- Optional: You can share your video with everyone, talk to everyone, and type chat with everyone. Video sharing is not required. Talking is not required.
Password will be emailed and viewable online.
Topic: Rent Collection Software Virtual Meeting September 1, 2021 Time: Sep 1, 2021 05:00 PM Eastern Time (US and Canada) Join Zoom Meeting https://us02web.zoom.us/j/85472023229 Meeting ID: 854 7202 3229 Passcode: Will be emailed and viewable online Dial by your location +1 312 626 6799 US (Chicago) +1 646 876 9923 US (New York) +1 301 715 8592 US (Washington DC) +1 669 900 6833 US (San Jose) +1 253 215 8782 US (Tacoma) +1 346 248 7799 US (Houston) +1 408 638 0968 US (San Jose) Meeting ID: 854 7202 3229 Passcode: Will be emailed and viewable online Find your local number: https://us02web.zoom.us/u/kzL5AC1F3
Open to the public. Membership is not required!
- Contemporaneous participation:
- Public: $14
- Members: $7
- Premium Members: No charge and no need to register. Click here for meeting details and password.
This event will not be recorded.
Slides and handouts if any will be uploaded to Rent Collection Software.
This event is operated by MassLandlords staff.
Want to speak at a MassLandlords meeting? Submit a speaker request.
This is part of the Virtual rental real estate networking and training series.
Google calendar users: add our event calendar to your own.
iPhone & iPad users: add our event calendar to iCal.