myob collections
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myob collections (by 6x6 [TN]) Sep 17, 2020 9:09 AM
       myob collections (by myob [GA]) Sep 17, 2020 10:06 AM
       myob collections (by 6x6 [TN]) Sep 17, 2020 11:09 AM
       myob collections (by 6x6 [TN]) Sep 17, 2020 11:11 AM
       myob collections (by myob [GA]) Sep 17, 2020 2:04 PM
       myob collections (by Laura [MD]) Sep 17, 2020 2:09 PM
       myob collections (by myob [GA]) Sep 17, 2020 2:13 PM
       myob collections (by myob [GA]) Sep 17, 2020 2:18 PM
       myob collections (by myob [GA]) Sep 17, 2020 2:41 PM
       myob collections (by BRAD 20,000 [IN]) Sep 17, 2020 4:34 PM
       myob collections (by 6x6 [TN]) Sep 17, 2020 6:33 PM
       myob collections (by Jasper [OH]) Sep 18, 2020 7:43 AM
       myob collections (by Jeffrey [VA]) Sep 18, 2020 8:15 AM
       myob collections (by myob [GA]) Sep 18, 2020 8:28 AM
       myob collections (by Jeffrey [VA]) Sep 18, 2020 8:41 AM
       myob collections (by myob [GA]) Sep 18, 2020 10:00 AM
       myob collections (by Jeffrey [VA]) Sep 18, 2020 10:23 AM
       myob collections (by Sir Walter [NC]) Sep 18, 2020 2:06 PM
       myob collections (by 6x6 [TN]) Sep 18, 2020 2:38 PM
       myob collections (by myob [GA]) Sep 18, 2020 3:57 PM
       myob collections (by Sir Walter [NC]) Sep 19, 2020 4:40 AM
       myob collections (by myob [GA]) Sep 19, 2020 8:00 AM
       myob collections (by PG [SC]) Sep 19, 2020 9:26 AM
       myob collections (by myob [GA]) Sep 19, 2020 1:04 PM
       myob collections (by PG [SC]) Sep 19, 2020 8:53 PM

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myob collections (by 6x6 [TN]) Posted on: Sep 17, 2020 9:09 AM
Message:

myob, I am reading a book titled: Stupid Mistakes of a Self Made Millionaire Landlord, that I ordered from this site and I came across a section that dealt with attorneys and there cost.

I remember you telling me that you have an attorney that handles collections and I was wondering what your attorney charges you for doing collections?

Does your attorney charge by the hour or for a percentage of the collections?

Either way, what is the rate?

Thank you for your time. --73.120.xx.xxx




myob collections (by myob [GA]) Posted on: Sep 17, 2020 10:06 AM
Message:

6X good morning. We don't use an atty. Even though we have an LLC we supply the court (and they do request it) an affidavit that the manager is authorized to collect the debt. Without that--YOU NEED AN ATTORNEY.

So our man collects for us. Should I go to court myself as the owner I don't need an atty since the debt belongs to me.

Let me also mention 6 bye just because you turn an account over to collections-- doesn't mean when it's time for court you won't have to go. Our previous collection guy would get to the point of collections and court work and call us to go for the final step. That's one reason we started doing our own-- leg work was just shuffling papers-- hard work was going to court-- so we figured we'd just do our own. We add 25% of the debt as collection fee which is what he was getting.

Others here may enlighten us as to what their paying. Lets face it -- it is time consuming no argument there. Then again its not collection $50 for the Dr bill or 100 for the Dentist. Its usually several thousand dollars. --99.103.xxx.xxx




myob collections (by 6x6 [TN]) Posted on: Sep 17, 2020 11:09 AM
Message:

Thank you myob,

I thought you said you used an attorney but I guess you meant your manager. With what you mentioned it does seem pointless to hire someone. --73.120.xx.xxx




myob collections (by 6x6 [TN]) Posted on: Sep 17, 2020 11:11 AM
Message:

Do you have any books on collections that you would recommend?

P.S. did you ever finish that book Evicted? Grins.... --73.120.xx.xxx




myob collections (by myob [GA]) Posted on: Sep 17, 2020 2:04 PM
Message:

The clerks in the court houses will help with collections but for each state try to find out the rules-- what are the steps. First would be a civil suit won and judgement in hand. find work where they work and file the garnishment paperwork-- its on line form. They may dispute it and you could wind up with a hearing-- but remember you already one the first time that's how you got the judgment in the first place. Once that appeal is done the garnishment is placed with the employees accounts dept. here in GA after meeting a threshold amount-- you get 25% above that and it's sent to the county legal office. when they have enough funds they will notify you and send it to you.

Here in GA each county has a garnishment pack that we've put together. TN should have debtor and creditor law located in official code of TN.

6 x let me say this. people on this site who in the past poo'pooed going after debt-- will now be wondering --- how in the world am i going to get that rent owed from Mar 2020??? --99.103.xxx.xxx




myob collections (by Laura [MD]) Posted on: Sep 17, 2020 2:09 PM
Message:

While, knock on wood everyone is paying. The one thing that makes me sleep at night is knowing that is someone does stop paying; I screened them as collectable and I know how to collect from them. The government can not afford to pay all this missed rent. Lots of landlords will be left with unpaid rent. Those that know how to collect will do better. --108.56.xxx.xx




myob collections (by myob [GA]) Posted on: Sep 17, 2020 2:13 PM
Message:

forgot 6x6 I'm half way through it. I just can't read much because I know everything that's going to happen. The book is not misleading cause all is true but the facts and situations are all caused by the life style of the residents. It's passed down from one family member to another-- and simple it's every man for himself (and the drugs of course)

6 one thing that really gets me is the babies involved in almost every case-- picking of a mate is one blunder after another-- pregnancy means nothing---it is mind blowing to me that with the available birth controls available for FREE to both men and women that they get pregnant. Not saying that to be mean hearted but they can''t care for themselves and they get pregnant. will someone explain that????? --99.103.xxx.xxx




myob collections (by myob [GA]) Posted on: Sep 17, 2020 2:18 PM
Message:

Laura love your thinking.

New law just signed into effect. Those effected by the C-19 virus can file BK for free.

Don't think it will happen? Pres T is the BK king of RE. Look it up. --99.103.xxx.xxx




myob collections (by myob [GA]) Posted on: Sep 17, 2020 2:41 PM
Message:

Official code of TN:

www.tsc.state.tn.us/Tennessee%20Code

Code section 26 deals with garnishment. --99.103.xxx.xxx




myob collections (by BRAD 20,000 [IN]) Posted on: Sep 17, 2020 4:34 PM
Message:

Not to worry. The B/H team will just forgive all back rent, maybe even future rent.

BRAD --73.102.xxx.xxx




myob collections (by 6x6 [TN]) Posted on: Sep 17, 2020 6:33 PM
Message:

Thank you for the replies.

myob, thank you for the link and update on the book. The first tenants that I had(my fault for not screening) I went threw this process and the end result was that the tenant filled BK. At least the judgement is on record. --73.120.xx.xxx




myob collections (by Jasper [OH]) Posted on: Sep 18, 2020 7:43 AM
Message:

myob(GA), I got the book "Evicted" from the library and finished reading it. I agree with your comment about those not being able to care for themselves and yet become pregnant. In my 30 years of landlording, I've seen this scenario many times. It has occurred to me that when people have so little materially, having children can be a sign of prosperity and wealth in their mind. --173.188.xx.xxx




myob collections (by Jeffrey [VA]) Posted on: Sep 18, 2020 8:15 AM
Message:

6X6, you asked for recommendations on books on collections. I highly recommend the collection course offered through this site. It includes a state-specific manual that has the specific collection procedures for your state, including forms and a post-judgment flowchart. The author has written a manual for all 50 states and the collection strategies and options available for each state. Read more -

www.mrlandlord.com/mllshop/productdisplay.html?&SKU=DVD6&type=Wealth%20Building%20Books:Home%20Study%20Courses

--70.161.xxx.xxx




myob collections (by myob [GA]) Posted on: Sep 18, 2020 8:28 AM
Message:

wasn't aware of this offering? I went to order one to compare what her suggestions are compared to what we're doing but the quantity stays at 2?

I may not need one but I certainlydon't need 2. can you ask soemone to look into that.

We would love to review this for Georgia. --99.103.xxx.xxx




myob collections (by Jeffrey [VA]) Posted on: Sep 18, 2020 8:41 AM
Message:

myob. I'll have my customer service manager check into your order and make sure you only get charged for one:) --70.161.xxx.xxx




myob collections (by myob [GA]) Posted on: Sep 18, 2020 10:00 AM
Message:

Thanks but when i couldn't get rid of the 2nd one I didn't proceed. --99.103.xxx.xxx




myob collections (by Jeffrey [VA]) Posted on: Sep 18, 2020 10:23 AM
Message:

myob, If you prefer you can simply call our customer service and request the Collections Course, 1-800-950-2250. --72.214.xx.xx




myob collections (by Sir Walter [NC]) Posted on: Sep 18, 2020 2:06 PM
Message:

"It has occurred to me that when people have so little materially, having children can be a sign of prosperity and wealth in their mind."

Counter viewpoint.

I have not read the book, although I suspect that I would see familiar and predictable patterns. However, with the right family (or other) structure, having children can lead to both prosperity and wealth, as well as it can be both grounding and elevating. Without the right structure, the going can be much rougher. As a landlord, you have to make a determination as to which path a potential tenant's household is on.

As I get older, I have learned not to make predictions. I've seen evidence of the unstructured children/wrong mate blunder leading to at least a couple of generations of rags to riches to more riches.

I've also seen evidence of the seemingly have it all family lead from riches to rags in extremely short order.

You just don't know. Don't judge a book by its cover, but be prudently cautious in your dealings with all. --98.122.xxx.xx




myob collections (by 6x6 [TN]) Posted on: Sep 18, 2020 2:38 PM
Message:

Thank you Jeffrey --73.120.xx.xxx




myob collections (by myob [GA]) Posted on: Sep 18, 2020 3:57 PM
Message:

Excuse me Sir Walter but What the hell are you talking about?????? --99.103.xxx.xxx




myob collections (by Sir Walter [NC]) Posted on: Sep 19, 2020 4:40 AM
Message:

myob, I was largely referring to Jasper's comment since the thread veered off-topic to discuss the book Evicted. I also made reference to your comment also about the blunder of picking the "wrong mate", which I wholeheartedly agree with.

My larger point was that children often do not turn out like their parents, either for good or bad, but it can take a few decades to see that. Children from bad backgrounds often do well as adults, as do their children. They have seen the consequences and often don't want to relive them. You just don't see them on TV or as subjects in books. The story is just not as compelling to sell books. Children from good backgrounds often reverse the family fortune, as the consequences are often not "real" to them. You also don't see them on TV or as subjects in books.

I was just adding my long-term life observation to the mix, from times where I've been pleasantly delighted and surprised when running into someone decades later. There was no criticism implied for anyone's statements here, as I found truth in all of them. The book Evicted is on my future reading list, but just not now. I think I would recognize too many characters and situations, and don't want to trigger any (undiagnosed) landlord associated PTSD.

In the meantime, I'm following some of the best practices here mentioned by you, Brad, Laura, and others -- screen well.

--98.122.xxx.xx




myob collections (by myob [GA]) Posted on: Sep 19, 2020 8:00 AM
Message:

Jeffery I left a message at C/Service to call me so I can order..

Sir Walter after reading your post I went back and now understand what you were getting at.

Can I point out that in my world-- the kids of these type people in the book Evicted seem to follow exactly what their adult relatives are doing. Many of the storey's are not fiction in our world-- the LL's here see this every month.

Bigger question: as LL's how can we stop it-- when the gov't is (with free handout after free handout) setting the example. How do you teach the adults in the home to pull up their boot straps WITHOUT HURTING THE CHILDREN in that home?

How do you do it WITHOUT HURTING THOSE WHO REALLY NEED HELP?

Think this through. COMPLIANCE--COMPLIANCE--COMPLIANCE. If you study all these instances (except Brianna) it was from lack of respect for the law-- not the enforcers of the law-- but the law.

Just this week in Clayton County GA Google the incident. Man was asked for his license while on a traffic stop. Didn't have it and took off. Last month I got stopped because the officer didn't see my seat belt shoulder strap on and asked for my license-- did I run-- argue- call him a pee ant-- no I showed it to him. Guess what I complied. Please look at these instances.

Last year I was locked up in Union City. Cop asked for my license and I told him no. Next thing I know I got 2 knees in my back as I lay on the ground and cuffs on-- arrested for disturbing the peace.

--99.103.xxx.xxx




myob collections (by PG [SC]) Posted on: Sep 19, 2020 9:26 AM
Message:

Myob / Sir Walter

It is almost impossible to determine how a kid will turn out - only God knows.

True Story - I have a handy man who helps me part time with the rentals and the farm.

40 years old now - left home when he was 13 - father is useless - mom died when she was 42 - at 22 he left the scene of an accident wound up in prison for a year, no money for a legal defense.

All the makings of a street thug.

For the last 15 years an excellent worker, honest, dependable and I would trust him with my last dollar.

--184.63.xxx.xx




myob collections (by myob [GA]) Posted on: Sep 19, 2020 1:04 PM
Message:

Can't agree more some make it and GET AWAY. Key word get away. Even in your case getting away -- even if to prison-- moved him away from the crappy influence.

Would you agree PG that if they stay close to home it's almost 100% guaranteed they will go bad? Even in the Eviction novel. When they leave town they rid themselves of bad players. --99.103.xxx.xxx




myob collections (by PG [SC]) Posted on: Sep 19, 2020 8:53 PM
Message:

MYOB - You are correct - he did get away - never thought about it that way - he does say he never wants to go back to prison - a bad place as he calls it. --184.63.xxx.xx



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