Hey guys!

I remember hearing during a landlord convention and/or reading on this board about language that someone includes in their security deposit accounting form that notifies the tenant that the amount owed will be turned over to collections if they don't pay within a certain number of days. Could someone chime in with their language or point me to the link where you found your language? I would really appreciate it! I haven't been able to find anything.

Landlord on, everybody...

When you send out the accounting and it shows the disposition of the deposit-- if you have a balance due make your offer then and there.

EX: So and So you owe 500.00 and we will accept a payment plan. You can pay in full or we would accept 100.00 per month until paid in full over the next 5 months and will waive any late fees as long as those payments are made as agreed to.

You can also try: "you owe 500.00 and you will need to make the first payment of 200.00 by month end" and the 300.00 balance paid over 3 months at 100.00 per month. (use same stipulation) about missing a payment and interest. That no payment be missed.

Send 2 offer letters-- showing the payments with lines to initial. They must send back a copy to you SIGNED- with their first payment-- you make copies of any money paid and when.

Did you think you can collect in TX? Not from wages but if you have everything in order now you might get lucky to grab tax returns, otherwise in TX you have just loaned them the repair money.