How do I give my renter a credit?

(For landlords)

Want to give your renter a discount this month? Or reimburse them for a repair or bill? Give them a Credit in Cozy. 

Credits work like coupons, allowing your renter to apply them towards their upcoming payment. 

Note: Credits don't send money back to your renter, so if you want to do that, you'll need to pay them outside of Cozy. 

To Add a Credit:

1. On your Payments tab, select "Current & Upcoming" from the drop-down menu and then click the rent collection where you'd like to add a credit

2. Click  Add a Credit and enter:

  • a memo
  • the amount
  • the date you want the credit to apply to your ledger (note: the credit will appear on the ledger immediately, but the Current Balance won't be affected until this date.)

3. Click Add credit

Cozy will send your renter an email letting them know how to apply the credit on their next rent payment.

Note: If you add a credit to your ledger in Cozy, this doesn't automatically adjust any of your renter's pre-scheduled payments. That means that in order to apply a credit, your renters will need to adjust their upcoming payment.

FAQs about credits

I added a credit, but the rent collection has ended and my renter is no longer making payments. How will they get this?

If your renter won't be making any future payments to you through Cozy, instead of adding a Credit, you'll need to contact your renter to arrange a way to refund them directly. 

My renter's payment is currently In-Progress, and they weren't able to apply the credit to that payment before it started processing.

Once it starts processing and shows as 'In-Progress', it's not possible to make changes or stop it, so your renter will only be able to apply the credit towards a future payment. A renter can only make changes to or delete a payment as long as it's showing as 'Scheduled' on the ledger.

How do I delete or edit a Credit?

You can make changes to a credit, or delete it from the ledger by clicking on the payment line that says 'Credit' to expand it, then click 'Edit' or 'Delete'.

Did this answer your question? Thanks for the feedback There was a problem submitting your feedback. Please try again later.