Powerful and FREE Tenant Screening Now Available for ClearNow Landlords

Click HERE to get started.

Landlords using ClearNow to collect rent electronically now have access to a powerful and FREE tenant screening service.  After much research, we believe this tenant screening service is superior to most other tenant screening services for a few reasons:

  • It is FREE to you. Rental applicants pay a $35 fee when they submit their credit report to you.
  • Designed for landlords – Easy to use, No site inspection, No paperwork.
  • You will receive a complete report in seconds – credit score, criminal background check, eviction report, and an easy-to-understand recommendation!

Getting started is quick and easy:

  1. Set up your tenant screening account here.  Once set up, you will add your rental property address along with the applicant’s contact information and indicate if you or the applicant will pay the fee (via credit card).  Most landlords have the applicant cover the fee as part of the application process.
  2. The applicant authorizes screening.
  3. Almost instantly, you will receive the applicant’s complete report so you can make a decision! It is that simple!

UPDATE:

Extra Savings! Until December 31, 2018, let your tenant know to enter “CLEARNOW5” at checkout to save $5 when they pay for the screening! Only $30 charged to them for a complete tenant screening solution.

 

Read More

Powerful and FREE Tenant Screening Service for Landlords

Click HERE to get started.

Landlords using ClearNow’s RentalIncomeExpense.com tool to track rental income and expenses now have access to a powerful and FREE tenant screening service.  After much research, we believe this tenant screening service is superior to most other tenant screening services for a few reasons:

  • It is FREE to you. Rental applicants pay a $35 fee when they submit their credit report to you.
  • Designed for landlords – Easy to use, No site inspection, No paperwork.
  • You will receive a complete report in seconds – credit score, criminal background check, eviction report, and an easy-to-understand recommendation!

Getting started is quick and easy:

  1. Set up your tenant screening account here.  Once set up, you will add your rental property address along with the applicant’s contact information and indicate if you or the applicant will pay the fee (via credit card).  Most landlords have the applicant cover the fee as part of the application process.
  2. The applicant authorizes screening.
  3. Almost instantly, you will receive the applicant’s complete report so you can make a decision! It is that simple!

UPDATE:

Extra Savings! Until December 31, 2018, let your tenant know to enter “CLEARNOW5” at checkout to save $5 when they pay for the screening! Only $30 charged to them for a complete tenant screening solution.

Read More

Bloomberg Article – Yes, there are Lots of Small Landlords

Today, Bloomberg.com has an article on a recent landlording trend: New Retirement Plan Is Millennials Paying Rent

There are some really great statistics in this article describing the huge number of small landlords in the United States.  For example,

  • Two thirds of single family rentals are owned by landlords renting 3 or fewer units.
  • Over thirteen million rental units belong to landlords renting 10 or fewer units.

Of course, the size of this market is not a surprise to us.  Throughout our history, ClearNow has been a leader in online services for landlords.

Sixteen years ago, ClearNow launched its core service of easy-to-use, inexpensive online rent collection.  Today, thousands of landlords and property managers use ClearNow’s core service to put rent collection on auto-pilot.   Over the years, ClearNow has continuously innovated.  Our “owner proceeds” capability for property managers continues to be unmatched as the simplest way for property managers to directly deposit collected rents between themselves and their property owners.  In 2012, ClearNow became the first service that allowed landlords and tenants to furnish rent payment data to a “Big 3” credit bureau – a milestone in allowing renters to benefit from making on-time rent payments.

And, this year, ClearNow launched RentalIncomeExpense.com, a free service for landlords to track rental income and expenses and generate reports in a way that an Excel spreadsheet cannot easily match.

Going forward, ClearNow plans to continue to innovate to address the needs of the huge market of small landlords.

Read More

What Is “Owner Proceeds”?

Owner proceeds is a ClearNow feature that enables a property manager to directly deposit a portion of the rent collected to the owner’s bank account.  After the property manager enrolls the tenant and owner, the property manager can designate a set amount or percentage of rent collected per tenant to be deposited into the property management company’s bank account for property management fees. The remaining amount collected will be deposited to the owner’s bank account. The fee for owner proceeds is $2 per tenant, and it is charged to the property manager.

Credits to the property manager and owner bank accounts occur on the same day – three banking days after the tenant’s debit day.  With owner proceeds, property owners receive their funds faster and efficiently while property managers save time.

 

 

Read More

How Do I Change My Bank Account Information?

You can change your bank account information by logging into your ClearNow account.  Once logged in, select “My Info”, then “My Bank Info”.  Follow the prompts to print the Property Manager Enrollment Agreement.  The box next to “Bank Account Change” should automatically be checked.  Submit the completed Agreement with your bank documentation for the new bank account.  Confirmation of the change will be sent to you via email.

Read More

Does ClearNow Cost $14.95 for Every Tenant?

No.  ClearNow fees are based on the debit day and are only charged when landlords attempt to debit a tenant.  Fees are paid by the landlord/property manager.  The choice of debit days include:

  • For monthly debits on the 1st, 5th, 15th, or 25th: $14.95/month for one debit. Each additional debit is just $2/month.
  • For semimonthly debits (twice a month on the 3rd & 17th): $4/debit.
  • For biweekly debits on every other Tuesday: $4/debit.

For example, the fee for five tenants for a monthly debit would be $22.95/month ($2 x 4 tenants + $14.95).  The semimonthly fee for five tenants would be $40/month ($4 x 2 x 5 tenants).

 

Read More

Can I Change My Account ID and Password to Something I Remember?

Of course you can! We encourage you to become familiar with all parts of your ClearNow account, which includes personalizing it! You may change your Account ID and password to something that is easier for you to remember. Simply log into your ClearNow account, select “My Info” from the menu on the left-hand side, then “My Contact Info”, change your Account ID and password, and click “Save”. It’s just that simple!

Read More

Improvements to Rental Income Expense Tracking

Towards the end of last year, ClearNow launched a free feature for your ClearNow account – “income and expense tracking.” Over the past 10 months, we’ve been gathering feedback from ClearNow customers who have been using this tool, and today, we are rolling out a significantly improved version:

  1. Simpler and easier to use. The “Income/Expenses” screen has been redesigned to make it easier for you to add, edit, delete, and search for income and expense records. We’ve added buttons so you can quickly view the “Profit & Loss” and “Schedule E Helper” reports that are created from your income and expense records.
  2. More powerful. The “Profit & Loss” and “Schedule E Helper” reports are easier to read and now contain clickable links so you can see the details behind the totals in these reports.

To begin tracking your income and expenses, log into your ClearNow account and click “Income/Expenses” from the left hand menu.

If you’re using a spreadsheet to manage your income and expenses or a software system that just doesn’t work well for you, we hope you will try ClearNow’s income and expense tracking tool. It’s already incorporated into your ClearNow account, and rents from enrolled tenants and associated ClearNow fees are automatically tracked for you. Best of all, it’s free!

Read More