Electronic Rent Collection

[Vince Futia]

I have a 2 family unit in a college area which will be ready in June 2015 for students to move in. I have year leases co-signed by parents.

I want to collect the rents electronicily, I wish to send out nitifications of rent owed prior to the end of the month, I want o be able to tac on late fee after rent is not received on a specific day. I would like to be able to stop renters in their tracks if they try to p ay the normal rent after the rent is considered late and only accept the amount which includes the late fee.

What systems, programs are folks having success using which is easy to use.

Thanks for your help!