Press Release

Property Managers Can Now Directly Deposit Rent to Owner Bank Accounts with ClearNow's Online Rent Payment Service

Durham, NC – ClearNow (http://www.ClearNow.com) now enables property managers to directly deposit rent to owner bank accounts while receiving their management fee as a direct deposit to their own bank account.

"We have received many requests from property management companies to enable a portion of collected rent to be directly deposited to an owner's bank account while retaining the management fee." explains Justin Yung, a Vice President with ClearNow, Inc. "Property managers have been using ClearNow by either crediting their bank account and writing a check to the owner of rent paid less management fees or crediting the owner's bank account and getting paid their management fee outside of ClearNow. Now, we have streamlined the process such that property managers can designate an amount of rent collected to be deposited in the property management company's bank account for property management fees. The remaining amount collected will be directly deposited to the owner's bank account."

ClearNow is a very low-cost and easy solution for collecting and making payments online. ClearNow is the solution for landlords/property managers, sellers, condo associations and HOAs when it comes to having an efficient process for collecting rent and receiving reports of payment activity. With the recent feature of directly depositing to owner bank accounts, property managers can now save on the time and effort it takes to distribute rent proceeds to owners. Owners will enjoy the faster receipt of funds and ClearNow's payment notification emails.

To learn more, visit www.ClearNow.com.

For more information on ClearNow, please contact:
Ryowon Kim
Tel: (919) 680-4500
Ryowon@ClearNow.com

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