Cozy Credit Check Fee

Learn more about collecting rent.

Cozy credit check fee.

The average policy costs about 20 month. Landlords can require renters insurance and renters have the option to purchase insurance through cozy. Applicants verify their identities and pay for their own reports so you don t have to collect application fees. So i tell my applicants up front if i accept you i will refund you the.

It s 34 95 to complete both. Reports are run as soft inquiries so they won t negatively affect applicants credit. By requesting or viewing applicant credit reports or background check reports you agree to comply with the fair credit reporting act and any applicable state laws governing the use of consumer reports. The price varies based on location and property.

When tenants choose to use a credit or debit card there s a 2 75 service fee. You further agree that you are requesting or viewing such reports solely for the purpose of prospective tenant screening and for no other purpose. We ll keep you in the loop every step of the way. Learn more about the change.

I don t know how common it is to have your tenants pay to have these checks done. What i don t like is that cozy kind of markets their credit and background check as free. Well it s free to you because the tenant has to pay for it. Pay for free with their checking accounts or for a 2 75 fee with their cards.

There s nothing for you to do right now but we ll let you know before your account moves.