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  • Atricle Dump - Get ALL Tenants To Pay Early

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    s would be charged. Tenant must contact manager to pay the rent ($1000 + NSF) by the 1st.

    - If not paid by the 6th, eviction would be filed immediately for ($1000 + NSF + Late Fee + Court Fee, etc).

    3) Emphasize that as long as they keep enough money in the bank for rent, it's simple. They enjoy discounted rent plus no mailing hassles.

    So one raining morning, I woke up & checked my ema

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    I was raised to be an efficiency freak. The salt, pepper, and spatulas must be on the right hand side of the stove. Groceries must be processed from refrigerator, sink, and stove in a linear order. Cabinets near refrigerator hold glasses and containers for drinks & leftovers. Cabinets near the stove hold pots and dishes for cooking & serving. In my daily routine, I must take the shortest steps or I literally can't function.

    So when it comes to collecting rent, the same principle applies: All rent must go to the bank account before mortgages are due, automatically. I don't want to drive to any P.O. Box daily. I don't want to count on tenants to remember mailing their rent. I must know the status of my rent collection anywhere, at all times.

    The only way I can find is to directly debit their accounts on the 25th. The rent would be in my bank by the 1st. ClearNow, Inc. (an electronic rent payment service) emails me updates of the rent collection. I can login to check tenants' payment status and histories anywhere, at all times.

    However, I do know tenants won't do something for nothing. But, if utilizing incentives and penalties, I can make offers that most good tenants can't refuse:

    To enroll existing tenants:
    1) They receive a one-time $50 rent credit to enroll.

    To enroll new tenants:
    1) Advertise on the rent you desired, like $900. 2) After tenants apply and qualify, explain:

    - $900 is the discounted rent

    - $1000 is the actual rent

    - Tenants only get $100 discount by having rent directly debited via ClearNow, Inc. on the 25th.

    - If NSF, fees would be charged. Tenant must contact manager to pay the rent ($1000 + NSF) by the 1st.

    - If not paid by the 6th, eviction would be filed immediately for ($1000 + NSF + Late Fee + Court Fee, etc).

    3) Emphasize that as long as they keep enough money in the bank for rent, it's simple. They enjoy discounted rent plus no mailing hassles.

    So one raining morning, I woke up & checked my emai

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    t function.

    So when it comes to collecting rent, the same principle applies: All rent must go to the bank account before mortgages are due, automatically. I don't want to drive to any P.O. Box daily. I don't want to count on tenants to remember mailing their rent. I must know the status of my rent collection anywhere, at all times.

    The only way I can find is to directly debit their accounts on the 25th. The rent would be in my bank by the 1st. ClearNow, Inc. (an electronic rent payment service) emails me updates of the rent collection. I can login to check tenants' payment status and histories anywhere, at all times.

    However, I do know tenants won't do something for nothing. But, if utilizing incentives and penalties, I can make offers that most good tenants can't refuse:

    To enroll existing tenants:
    1) They receive a one-time $50 rent credit to enroll.

    To enroll new tenants:
    1) Advertise on the rent you desired, like $900. 2) After tenants apply and qualify, explain:

    - $900 is the discounted rent

    - $1000 is the actual rent

    - Tenants only get $100 discount by having rent directly debited via ClearNow, Inc. on the 25th.

    - If NSF, fees would be charged. Tenant must contact manager to pay the rent ($1000 + NSF) by the 1st.

    - If not paid by the 6th, eviction would be filed immediately for ($1000 + NSF + Late Fee + Court Fee, etc).

    3) Emphasize that as long as they keep enough money in the bank for rent, it's simple. They enjoy discounted rent plus no mailing hassles.

    So one raining morning, I woke up & checked my ema

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    on the 25th. The rent would be in my bank by the 1st. ClearNow, Inc. (an electronic rent payment service) emails me updates of the rent collection. I can login to check tenants' payment status and histories anywhere, at all times.

    However, I do know tenants won't do something for nothing. But, if utilizing incentives and penalties, I can make offers that most good tenants can't refuse:

    To enroll existing tenants:
    1) They receive a one-time $50 rent credit to enroll.

    To enroll new tenants:
    1) Advertise on the rent you desired, like $900. 2) After tenants apply and qualify, explain:

    - $900 is the discounted rent

    - $1000 is the actual rent

    - Tenants only get $100 discount by having rent directly debited via ClearNow, Inc. on the 25th.

    - If NSF, fees would be charged. Tenant must contact manager to pay the rent ($1000 + NSF) by the 1st.

    - If not paid by the 6th, eviction would be filed immediately for ($1000 + NSF + Late Fee + Court Fee, etc).

    3) Emphasize that as long as they keep enough money in the bank for rent, it's simple. They enjoy discounted rent plus no mailing hassles.

    So one raining morning, I woke up & checked my ema

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    roll existing tenants:
    1) They receive a one-time $50 rent credit to enroll.

    To enroll new tenants:
    1) Advertise on the rent you desired, like $900. 2) After tenants apply and qualify, explain:

    - $900 is the discounted rent

    - $1000 is the actual rent

    - Tenants only get $100 discount by having rent directly debited via ClearNow, Inc. on the 25th.

    - If NSF, fees would be charged. Tenant must contact manager to pay the rent ($1000 + NSF) by the 1st.

    - If not paid by the 6th, eviction would be filed immediately for ($1000 + NSF + Late Fee + Court Fee, etc).

    3) Emphasize that as long as they keep enough money in the bank for rent, it's simple. They enjoy discounted rent plus no mailing hassles.

    So one raining morning, I woke up & checked my ema

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    s would be charged. Tenant must contact manager to pay the rent ($1000 + NSF) by the 1st.

    - If not paid by the 6th, eviction would be filed immediately for ($1000 + NSF + Late Fee + Court Fee, etc).

    3) Emphasize that as long as they keep enough money in the bank for rent, it's simple. They enjoy discounted rent plus no mailing hassles.

    So one raining morning, I woke up & checked my email in my pajamas: "All rent collected." I yawned and went back to sleep. Happy landlording!

    PS. For that morning, anyway.

    Note: My tenants' credit scores are between 680 and 780. Also check your state law to see if it allows discounted rent.

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