4 Ways That Using ClearNow Can Help Landlords and Tenants www.ClearNow.com

Managing a rental property is harder than many people realize when they first started leasing their properties. Besides the challenges that come with maintaining the property, collecting rent can become a real time sink. Collecting rent from tenants and depositing it into bank accounts becomes more laborious the more properties or units you manage. ClearNow has tools that can make these processes more manageable. Here are four ways that ClearNow can help landlords and tenants. 

Setup a Payment Portal for Paying Rent Online

Getting a rent payment from an occupant can be surprisingly problematic. When people pay by mailing a check, some checks will get lost in the mail, which slows down payment. You have to wait for the renter to send a new payment or travel to pick up the check in person. ClearNow makes it easier for renters to make their payments by helping landlords set up online payment portals. With ClearNow, you get the service you need without having to run your own secure website for financial transactions. ClearNow has provided electronic rent payment since 2000 while maintaining a perfect BBB rating. Our system works for any property, whether you have one rental unit or a hundred thousand.

Provide Customer Service to Tenants Paying Rent

Using ClearNow for online rent payments also provides additional benefits for tenants. When you try to run your own online payment system from a website, there is no support for the tenant. Most online rent payment services do not have phone support. It’s essential to offer some technical support for web-based services since some of your tenants may not be extremely computer literate. With ClearNow, we have phone support Monday through Friday from 9 a.m. to 5 p.m. ET. If your tenants are having trouble setting up their account or they encounter another issue, we’ll be there to help.

Ensure Landlords Get Paid on Time

For many property owners, it’s essential that they get their rent payments promptly. The money from the rent may be needed to pay expenses related to property management. Landlords can’t afford for money to be tied up in the banking ether. When you use ClearNow to collect rent payments, the money is always directly deposited three banking days after the debit day. How often you need to make deposits determines how which services from ClearNow you’ll need. Each ClearNow account debits on a specific day and credits to a specific bank account. Instead of setup fees, ClearNow fees are based on your debit day and are only charged when you attempt to debit a tenant. This way, property owners who only need a single monthly deposit pay less than larger management companies that need debits more often.

Improve the Credit Score of Your Tenants

Getting tenants to switch to online payments is easy with the intrinsic benefits of using ClearNow. When using ClearNow to pay rent, tenants improve their credit by paying their bills. Tenants can establish credit history by having ClearNow furnish data to Experian RentBureau.The rental data from Experian is updated every 24 hours, so every on-time payment helps your tenant. As Experian explains, “This quick turnaround and robust data impacts every point of decision making – from identifying higher-quality residents and improving bad-debt recovery to streamlining the collections process.” As you can see, there are a lot of benefits to using ClearNow to handle rent payments for your property. If you want to spend less time collecting and processing rent, while providing excellent features to your tenant, start using ClearNow today. Send us a message online if you have any question about using our services.

How Long Does It Take To Get Tenant Screening To Work?

You can have a complete tenant screening report delivered to you in seconds. This powerful and hassle-free tenant screening service enables landlords to set up an account, request authorization from the applicant, and almost instantly receive the applicant’s complete report. It will include the applicant’s credit score, criminal background check, eviction report, and an easy-to-understand recommendation!

Why is Tenant Screening So Useful for Landlords?

Tenant screening is useful for landlords because it provides insight into the type of tenant an individual might be before committing them to a lease. Tenant screening with TransUnion’s SmartMove, enables landlords to learn more about a tenant’s background through their credit score, criminal background check, eviction report, and an easy-to-understand recommendation. To learn more, visit ClearNow.MySmartMove.com.

Why would I use ClearNow’s income/expense tracking feature?

ClearNow‘s income and expense tracking feature is a FREE tool that makes it easier to track rental income and expenses. It provides instant “Profit and Loss” reports with clickable links for details as well as a “Schedule E Helper” report that saves hours during tax time. When you use ClearNow for electronic rent collection, the rent collected and associated fees are automatically recorded as income and expenses, saving you more time.

What is the “Important Dates” screen in my account?

The dates listed on this screen are key dates for your current payment period for your ClearNow account. For each payment period, this screen will be updated and show you the important dates and deadlines. These dates include your tenants’ next scheduled debit day, your credit day, and the deadlines to finalize, block, or unenroll a tenant. They also show the deadlines to adjust a tenant’s rent amount or lease end date. If you do not have a tenant enrolled during a specific payment period, then you can disregard the important dates.

What Does My Tenant Need to Do If He Renews His Lease With Me?

Your tenant does not need to do anything if he is renewing his lease. If he is already enrolled in ClearNow, all you need to do is update the lease end date in our system so that his debits continue. We do not need a copy of the tenant’s new lease or new ClearNow enrollment materials. We only need you, as the landlord, to log into your account and update the lease end date. You may do so by logging into your ClearNow account, select “Rents”, input the tenant’s new lease end date, and click “Save”.

Can My Tenant Prepay a Few Months of Rent With ClearNow?

No. ClearNow’s process includes an automatic debit to the tenant’s bank account for the rent each month. Whether it is monthly, semimonthly, or biweekly, it is a scheduled debit, and the rent cannot be prepaid. Once a tenant is enrolled in ClearNow, our service is designed to help them pay their rent by automatically debiting their bank account on a monthly, semimonthly, or biweekly schedule.

FREE Tenant Screening for ClearNow Landlords

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 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!