I see a few people asking about clear now. I dont work for the company, lol. But I have been using their service 5 plus years and I can tell you ever since we started using them we have not gone to court for over 5 yrs for non payments. We have over 35 units. If that is not an endorsement of this type of rent collection I dont now what is.

Each ClearNow account debits on a specific day and credits to a specific bank account. There are no setup fees. ClearNow fees are based on your debit day and are only charged when you attempt to debit a tenant. You have your choice of debit days:

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.

It's a great deal no matter how many units you have. The largest fee comes from the first unit's rent pulled. After that, it's a pittance.

Just spread the cost over several units. $2-$3-$4 a unit, not a big deal when you see the bigger picture of autodraft rents.

Do I worry about clearnow failing like erentpayment? Absolutely!!

What can you do?

A lot of tenants exist in an autodraft world. They are used to it, they expect it.

When I get tenants who pass the application, they are relieved that they can pay automatically.

It's the perfect way to be lazy in a lazy society and maintain our 13 second attention spans.

I'm requiring incoming tenants to go autodraft.

I RARELY get failed payments. Maybe 2 since I signed up in 2012. I have had tenants block rents due to out of timing paycheck "automatically deposited" into their checking accounts coinciding with the dates of draw and they send a manual check. No big deal.

One benefit of clearnow is that they hit the tenants with a late fee as well as me hitting them with a late fee. They can try to argue with me, they can't argue with clearnow.

J, it's all relative. A person collecting $40,000 should experience the same type of hiccup as a person collecting $550

Assuming one has 50 units and the other has 1.

I know it would affect me, but what can you do?

I have 7 of my units on autodraft from Clearnow. I have one who pays at the start of each semester. I have one that paid for the year in June when she got her insurance settlement, and I will switch her over to Clearnow when the year is up in Mid-July.

I have one unit who still pays with a check each month and I keep suggesting Clearnow, but he pays like clockwork so it works. If he resigns, which I expect, I'll bump his rent by $15 and tell him he can save $5 per month by signing up for Clearnow.

You have convinced me...one tenant wants to do something like this and I think I may try it as an experiment.

I thought Clearnow offered every other week payment?

My only complaint was they debited on a Tuesday rather than on Friday. If the worker is paid on Friday, it will be gone by Tuesday.