Is it possible to pay two rents in advance?

At Coliving.com, our Wallet feature offers a convenient way for residents to manage their monthly rent payments seamlessly. You have the option to add funds to your Wallet in advance, which can be used to cover your monthly rent payments automatically. This method ensures that your rent is paid on time each month without the need for manual transfers or reminders.

How It Works:

Add Funds:
Load your Wallet with the desired amount of money ahead of time. You can add funds via credit card, debit card, or other available payment methods.
Automated Rent Payments:
Once your Wallet is funded, Coliving.com will automatically deduct the rent from your Wallet balance each month on the due date. This process continues each month for the duration of your stay, provided there are sufficient funds in your Wallet to cover the rent.
Monitoring and Notifications:
You will receive notifications about upcoming rent payments and any actions you need to take if your Wallet balance is insufficient to cover the upcoming rent. This gives you ample time to top up your Wallet to avoid any payment issues.

Conditions for Using the Wallet for Rent Payments:

This automated rent collection from your Wallet is available only if the host has agreed to manage all subsequent rent collections through Coliving.com. If the host prefers another method for collecting rent after the first month, this feature will not be available, and traditional payment methods will need to be used.

Benefits of Using the Wallet:

Convenience:
Once set up, the payments are handled automatically, saving you the hassle of remembering to pay each month.
Security:
Payments are processed securely through Coliving.com, providing peace of mind regarding the safety of your transactions.
Transparency:
Track all your payments easily through the My Housing app, providing a clear record of your financial commitments and transactions on Coliving.com.

By leveraging the Wallet feature, residents can enjoy a more streamlined and worry-free rental experience, allowing them to focus more on enjoying their coliving community rather than managing monthly payments.