Paying your rent by check is becoming a thing of the past

Morgan Munsey is a landlord in Bedford-Stuyvesant, a Brooklyn neighborhood with long-time, older residents that’s gotten an influx of young renters. Munsey houses both types of tenants in his townhouse properties — but for the younger crowd, he says, they’ve mostly forgone the traditional rent check and opted for a more tech-friendly method of payment.

Tenants like Lindsay Branham and Andrew Ellis take advantage of Cozy, a website that allows Munsey to sign leases, collect rent and send it straight to the bank. “My under-35 crowd is all Cozy,” Munsey says.

Munsey is one of many New York City landlords trying to do away with tedious stacks of paper and trips to the bank to deposit checks. The growing trend means that paying for New York City real estate is getting as easy as the tap of a button.