Collection Agency
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Collection Agency (by Michael [AL]) Jan 14, 2021 11:44 PM
       Collection Agency (by myob [GA]) Jan 15, 2021 9:56 AM
       Collection Agency (by Michael [AL]) Jan 15, 2021 9:48 PM
       Collection Agency (by myob [GA]) Jan 16, 2021 6:29 AM
       Collection Agency (by Michael [AL]) Jan 19, 2021 10:42 PM
       Collection Agency (by razorback_tim [AR]) Jan 20, 2021 7:24 AM

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Collection Agency (by Michael [AL]) Posted on: Jan 14, 2021 11:44 PM
Message:

We are doing extensive background checks on all new tenants that we consider for our rental properties. we have good tenants since we started doing background checks. So we checks them out on the front end. We have been getting rid of bad tenants who we rented to before the background checks.

So we are looking at going after these former tenants who owe us money. We have financial judgements on all of them and the courts leave it up to us to get the money. We do have an attorney for our rental business and they have helped. But we know a collection agency will report these old tenants to the credit butea and collect money that we are owed legally. To all RE investors if you are using a collection agency for your rentals, let us know who you are using and about their service for landlords. --47.13.xxx.xxx




Collection Agency (by myob [GA]) Posted on: Jan 15, 2021 9:56 AM
Message:

where to begin..... --99.103.xxx.xxx




Collection Agency (by Michael [AL]) Posted on: Jan 15, 2021 9:48 PM
Message:

Any more advice, we welcome your advice. We could google it we could ask other LL's in our area. we could ask property managers of large apartment complexes. but we welcome advice from RE investors. Thank You. --47.13.xxx.xxx




Collection Agency (by myob [GA]) Posted on: Jan 16, 2021 6:29 AM
Message:

Giving advice on collection is like giving marriage counciling. You never know if it's going to work or if people will do as outlined.

Second: each state has different rules-- some allow some don't.

The very first step in collections (proper collections) is a lease and laws for your state followed to a T. Nothing more embarrising than a judge announcing this: what part of the law should the court abide by? The part for the tenant or just the part for the landlord?

So good lease-- follow the law. Strong move in inspection and move out inspection documented. --99.103.xxx.xxx




Collection Agency (by Michael [AL]) Posted on: Jan 19, 2021 10:42 PM
Message:

We were asking what collection agency firm do you use or company you use to collect on old account ts. --47.13.xxx.xxx




Collection Agency (by razorback_tim [AR]) Posted on: Jan 20, 2021 7:24 AM
Message:

Michael - it's not what you asked, but if I were you I would collect on those judgments myself via wage and bank garnishments. A collection agency will take half of what they collect on the judgment and will not have a perfect success rate, so in all likelihood you are looking at winding up with 20-30% of the judgment amounts at best if you use a collection agency, and probably much less than that. --70.178.x.xx



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