A new collections hammer

I have sent invoices for a number of years for monthly rent and balances due upon move out. I think I’m going to add to that; square invoices sent digitally recurring monthly automatically until it’s paid. Just let it Hammer their inbox. I might even set it up on a weekly or biweekly basis.

When I send out my letters for past due balances, I always give them the option of a 20% discount with a one time payment. 10% discount over two months or in full over three months. They get to choose their plan. I will probably just send it with the 20% discount right in the description of the Square invoice. And just set it on automatic recurring. --24.152.xxx.xx

A new collections hammer (by MikeA [TX]) Posted on: Jan 17, 2022 11:28 AM
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I've not had a lot of people not pay, when I do I've found that a more one-on-one communication the better. I'll start with a text, then a phone call, then a knock on the door. The problem with invoices is that people see that as computer generated, they don't connect it with stiffing someone they know. I want them to remember me as a human that they are stiffing. People really don't like conflict and that is what I'm betting on when I make it personal. They also don't like the idea of me randomly showing up demanding payment (even better if they are having friends over).I will also ask them if they will be moving the next weekend if they don't produce the money. Again, setting expectation that they can't continue to stiff me.

That's what works for me. I've only had to file 4 evictions in 30 years of doing this. Psychology can be very powerful if used right. --209.16.xx.xxx

A new collections hammer (by NE [PA]) Posted on: Jan 17, 2022 11:33 AM
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These payment plans are after they are out and owe a balance. I send them before going to court and have had great success. --24.152.xxx.xx

A new collections hammer (by MikeA [TX]) Posted on: Jan 17, 2022 11:43 AM
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Ah, different animal. We can't do a garnishment in Texas and the tenants know that. Even the collection agencies won't touch Texas debts. It would be interesting to see if plastering them with invoices would make a difference with them paying. --209.16.xx.xxx

A new collections hammer (by NE [PA]) Posted on: Jan 17, 2022 11:53 AM
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I believe one of the reasons that it helps, is because they do get an invoice every month in the mail for the rent, so I do send a paper one when they have a balance due at move out. Also when they’re coming in, their application fees and holding fees are taking via Square. Also any incidentals during tenancy are taken via Square. --174.249.xx.xxx

A new collections hammer (by 6x6 [TN]) Posted on: Jan 17, 2022 1:37 PM
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Is Square like Venmo? --73.120.xx.xxx

A new collections hammer (by LordZen [MA]) Posted on: Jan 17, 2022 1:39 PM
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This sound like a pretty interesting idea, i am following this thread --98.216.xx.xxx

A new collections hammer (by BRAD 20,000 [IN]) Posted on: Jan 18, 2022 12:52 AM
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NE,

I think LLs beat their heads against the wall HOPING people will just pay up. Hoping they will find an envelope and stamp, know our address, write a check, and mail it. Most people don’t have envelopes, stamps, or the ambition to overcome procrastination.

We are also seeing good results with collections. We try to make it easy to pay. Our Deposit Settlement letter shows they will save $400 Document Prep Fee + $600 Atty Fee + $135 Court Filing Fee if they will agree to a payment plan and avoid an eviction on their permanent public record.

I really like your idea of setting up Square. Making it easy.

We send them the agreement and autodraft form on DocuSign. Just a few clicks and their stress is over.

Congrats!

BRAD --73.102.xxx.xxx

A new collections hammer (by BRAD 20,000 [IN]) Posted on: Jan 20, 2022 12:22 AM
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Another thought…

ZERO TOLERANCE on lates has GREATLY reduced the number of people who owe ANYTHING, and the amount owed by those few.

So much easier when they only owe $450 vs $4000.

BRAD --73.102.xxx.xxx

A new collections hammer (by Arnold [OH]) Posted on: Jan 21, 2022 1:12 PM
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My tenants get an automatic $10 discount if the rent is paid directly into a specified bank account on or before the due date. And if the rent is paid to me with a check that I must cash, the automatic discount is reduced to $5. I now have far less late payments. --204.210.xxx.xx

A new collections hammer (by CS [NY]) Posted on: Jan 21, 2022 1:22 PM
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I should probably start a new thread, but we just had our first eviction go through and got a judgment for 5 months unpaid rent. Has anyone ever collected against a judgment in NY? Is it worth hiring a collections agency? Tenant has a job and gets paid well. Just refused to pay once we gave them 3 month notice to move out and, if of course, played the covid card, which just ran out here. Lawyer seemed to think judgment was a nice win but “no one ever collects anything.” --216.59.xxx.xxx

A new collections hammer (by Pat [NY]) Posted on: Jan 21, 2022 2:15 PM
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CS -definitely file the judgement! I would try a collections agency. The Mr Landlord credit check also has a collections component. --139.127.xxx.xx

A new collections hammer (by BRAD 20,000 [IN]) Posted on: Jan 21, 2022 2:20 PM
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CS,

I'm not a NY atty but generally people will pay on a court judgment if you teat them with respect and keep following up.

Now that you have the judgment, contact them to set up a payment plan via autodraft. Include NE's discount plan if you like.

MY court allows garnishments so we contact the debtor and work with them to set up "Voluntary Wage Assignment" (garnish) from their paycheck(s).

They sign and we turn it in to the court.

We set a "Proceeds Supplemental" (Another hearing) and ask the judge to start a garnish.

BRAD --73.102.xxx.xxx

A new collections hammer (by Don W [NC]) Posted on: Jan 21, 2022 2:58 PM
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our leases are over $1000 but on the front end we "offer" the tenant a $100 discount if they pay "on or before the last business day of the month". This always gets the lease payments early. BTW if they miss the early payment, they get a one-time allowance but the next time that discount disappears forever. --66.169.xx.xxx

A new collections hammer (by Eric [NY]) Posted on: Jan 24, 2022 12:35 PM
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I collected from 2 tenants in NYS in Orange county NY. You must have their SS # or I didn't once and told them there's only one person in the county that has that name and....

I did most of it through the mail

1. get a transcript of judgement from court

2. send that to the county clerk

3. call sheriff at the county seat and ask what forms they need filled out to garnish wages.

4. if you fill out the forms right, and they have a steady job that they still work at, there's a good chance you could get it. It takes a long time. --72.69.xxx.x

A new collections hammer (by parveen mohammed [MO]) Posted on: Jan 24, 2022 6:50 PM
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--99.117.xxx.xxx

A new collections hammer (by ROGER FORSS [NJ]) Posted on: Feb 23, 2022 11:47 AM
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Test email --68.83.xx.xxx

A new collections hammer (by ROGER FORSS [NJ]) Posted on: Feb 23, 2022 11:51 AM
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I tried to send this email threw Q & A had no luck, Please forward If needed, Thank you

Looking for a good way to encourage messy tenant to clean up house, Does anyone have something that is working for them. Thank you --68.83.xx.xxx

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