Chasing deadbeats
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Chasing deadbeats (by Roy [AL]) Apr 29, 2022 9:03 AM
       Chasing deadbeats (by tryan [MA]) Apr 29, 2022 9:09 AM
       Chasing deadbeats (by Jason [VA]) Apr 29, 2022 9:14 AM
       Chasing deadbeats (by Roy [AL]) Apr 29, 2022 9:28 AM
       Chasing deadbeats (by WMH [NC]) Apr 29, 2022 9:36 AM
       Chasing deadbeats (by Robert J [CA]) Apr 29, 2022 9:47 AM
       Chasing deadbeats (by Roy [AL]) Apr 29, 2022 9:50 AM
       Chasing deadbeats (by Roy [AL]) Apr 29, 2022 10:09 AM
       Chasing deadbeats (by MikeA [TX]) Apr 29, 2022 10:16 AM
       Chasing deadbeats (by S i d [MO]) Apr 29, 2022 10:21 AM
       Chasing deadbeats (by Roy [AL]) Apr 29, 2022 10:39 AM
       Chasing deadbeats (by Roy [AL]) Apr 29, 2022 10:42 AM
       Chasing deadbeats (by Laura [MD]) Apr 29, 2022 10:44 AM
       Chasing deadbeats (by Robert J [CA]) Apr 29, 2022 10:48 AM
       Chasing deadbeats (by Jason [MI]) Apr 29, 2022 10:53 AM
       Chasing deadbeats (by Sisco [MO]) Apr 29, 2022 10:58 AM
       Chasing deadbeats (by Carolyn [MO]) Apr 29, 2022 10:59 AM
       Chasing deadbeats (by Roy [AL]) Apr 29, 2022 12:40 PM
       Chasing deadbeats (by WMH [NC]) Apr 29, 2022 12:47 PM
       Chasing deadbeats (by Sisco [MO]) Apr 29, 2022 1:09 PM
       Chasing deadbeats (by Roy [AL]) Apr 29, 2022 1:26 PM
       Chasing deadbeats (by MAP [NY]) Apr 29, 2022 1:43 PM
       Chasing deadbeats (by Ken [NY]) Apr 29, 2022 1:58 PM
       Chasing deadbeats (by JAC [OH]) Apr 29, 2022 3:01 PM
       Chasing deadbeats (by MAP [NY]) Apr 29, 2022 3:20 PM
       Chasing deadbeats (by JAC [OH]) Apr 29, 2022 3:42 PM
       Chasing deadbeats (by Alfie [AL]) Apr 29, 2022 3:55 PM
       Chasing deadbeats (by WMH [NC]) Apr 29, 2022 4:05 PM
       Chasing deadbeats (by myob [GA]) Apr 29, 2022 4:55 PM
       Chasing deadbeats (by Hoosier [IN]) Apr 29, 2022 5:22 PM
       Chasing deadbeats (by 6x6 [TN]) Apr 29, 2022 7:45 PM
       Chasing deadbeats (by Mike SWMO [MO]) Apr 29, 2022 8:48 PM
       Chasing deadbeats (by Ken [NY]) Apr 29, 2022 9:52 PM
       Chasing deadbeats (by Mike SWMO [MO]) Apr 29, 2022 11:39 PM
       Chasing deadbeats (by Mike SWMO [MO]) Apr 29, 2022 11:39 PM
       Chasing deadbeats (by Mike SWMO [MO]) Apr 29, 2022 11:39 PM
       Chasing deadbeats (by Mike SWMO [MO]) Apr 29, 2022 11:43 PM
       Chasing deadbeats (by zero [IN]) Apr 30, 2022 7:38 AM
       Chasing deadbeats (by Sisco [MO]) Apr 30, 2022 9:10 AM
       Chasing deadbeats (by Busy [WI]) Apr 30, 2022 10:18 AM
       Chasing deadbeats (by myob [GA]) May 1, 2022 2:26 PM


Chasing deadbeats (by Roy [AL]) Posted on: Apr 29, 2022 9:03 AM
Message:

Anyone who has ever received a monetary judgment from a judge knows that the court system does not collect your judgment for you.

The only thing the court system does is decide 'who wins and who loses' and who owes who money,...ie. judgments. But the actual collection of that judgment is the landlord's responsibility which is what prompts my next question.

How much of your personal time (after the tenant has moved out) are you willing to spend chasing that deadbeat around town in an attempt to collect your monetary judgment? I have done this before and it is a major time consuming hassle which I will probably never do again.

--71.207.xxx.x




Chasing deadbeats (by tryan [MA]) Posted on: Apr 29, 2022 9:09 AM
Message:

Zero .... it would be a distraction. It also dosen't help that in MA we can't serve the deadbeat at work. Finding thier residence is a game of "hide n'seek" I don't have time for. --206.84.xx.xxx




Chasing deadbeats (by Jason [VA]) Posted on: Apr 29, 2022 9:14 AM
Message:

Garnishment is a piece of cake in va. You just have to know where they work (thatís why we require substantial time on the job). --50.202.xxx.xx




Chasing deadbeats (by Roy [AL]) Posted on: Apr 29, 2022 9:28 AM
Message:

If you normally chase deadbeats, is getting some personal revenge on this person who screwed you part of the reason you do it?

I operate my business on the old adage that says "Don't burn your bridges behind you" which means no chasing of ex-deadbeat tenants and spend my valuable time moving my business forward and not backward.

--71.207.xxx.x




Chasing deadbeats (by WMH [NC]) Posted on: Apr 29, 2022 9:36 AM
Message:

I don't have any judgments but if I did, I would turn it over to the service on Mr. Landlord's site: collectbackrent? They work for 120 days to collect your judgment, then after that they will take 30% or so. 60% is better than 0% and I don't have to do anything. --50.82.xxx.xxx




Chasing deadbeats (by Robert J [CA]) Posted on: Apr 29, 2022 9:47 AM
Message:

I've known this for forty years, trying to collect a debt from an "evicted" tenant is a waste of time, money and effort. This is only something a landlord should do AFTER they have re-rented the unit/house and have nothing better to do!

But on another note, I won an eviction that later I converted the eviction "win" to a Money Judgement. Afterwards I held a debtors exam in the court room cafeteria. My x-tenant did not bring any requested documents. So I asked the judge to compel my x-tenant to return to court and all requested items. Of course the x-tenant blew me off and I asked the judge then for a Bench warrant -- a no show. Since my tenant car license plate sticker fell off. He got stopped by the local Cops and then arrest for his open bench warrant.

He had to clean up his act, pay fines and a ticket, hire a lawyer and make good on the debt. --47.155.xx.xxx




Chasing deadbeats (by Roy [AL]) Posted on: Apr 29, 2022 9:50 AM
Message:

WMH,

Most LL's that I know would never pay a Property Manager 30% or more to collect their rents for them. Why would any LL pay a collection agency 30% or more to collect their judgments for them? --71.207.xxx.x




Chasing deadbeats (by Roy [AL]) Posted on: Apr 29, 2022 10:09 AM
Message:

Robert J,

What really irritates me about the court system is this,...when a deadbeat Dad is the facing the judge, the judge

will give the Dad a choice. Either pay child support (right now) or spend the weekend in jail. Guess what happens here?

Why don't judges do the same thing with deadbeat tenants who owe their LL's money? --71.207.xxx.x




Chasing deadbeats (by MikeA [TX]) Posted on: Apr 29, 2022 10:16 AM
Message:

Roy, I think you are paying that 30% for their time investment. You said yourself that you would probably never do that again so you will get zero if you just let it go, 70% is better than nothing and doesn't cost much time.

Unfortunately, because Texas does not allow garnishment, I haven't found a collection agency that will do anything more than report the judgment and outstanding bill on their credit report. I can do that without them. Getting paid on that debt is a whole other problem. It only happens when they want to buy a house which is as likely as getting struck by lightning. --209.205.xxx.xx




Chasing deadbeats (by S i d [MO]) Posted on: Apr 29, 2022 10:21 AM
Message:

I spend very little of my own time. Our attorney handles that for us if I know where they work or bank. They simply file the garnishment or levy and the money starts rolling in a couple months later.

If I don't know where the live or work, I turn it over to our Collection Agency. They are very good: I get paid on roughly 2/3 of our accounts. Granted, they take a good chunk of it (50%), but getting 50% of something is better than getting 100% of nothing.

Revenge? No. As the Godfather says, "It's nothing personal; it's just business."

Or from a Christian POV: ďVengeance is mine, I will repay, saith the Lord.Ē

Plus, I don't need that kind of attitude in my life. It clouds my thinking and makes me less likely to notice the positive opportunities in life. Their deadbeat lifestyle will most often result in many missed opportunities as well, and I see no point in conducting myself in a manner that gives me similar results.

--184.4.xx.xx




Chasing deadbeats (by Roy [AL]) Posted on: Apr 29, 2022 10:39 AM
Message:

Sid,

When the Godfather's thugs beat you to a pulp and break half the bones in your body,...hey that is very personal. I am glad you have a collection agency that actually collects money for you,..most collection agencies I know only know how to make irritating phone calls and other forms of mild harassment. --71.207.xxx.x




Chasing deadbeats (by Roy [AL]) Posted on: Apr 29, 2022 10:42 AM
Message:

Mike A,

The only time I have collected a judgment ($1,200.00) is when the ex tenant was trying to buy a house and was forced to clean up their train wreck financial past to qualify. --71.207.xxx.x




Chasing deadbeats (by Laura [MD]) Posted on: Apr 29, 2022 10:44 AM
Message:

I have had good luck collecting judgements. But the secret is to make sure they are very very very garnishable before renting to them. --108.56.xxx.xx




Chasing deadbeats (by Robert J [CA]) Posted on: Apr 29, 2022 10:48 AM
Message:

Roy (AL). I was in an eviction court. The tenant didn't know he could get away with not paying rent if he use the "Pandemic" excuse. So the judge told him if he "claims" his life was disrupted by the pandemic, he didn't have to pay his rent! So the tenant said his work hours were cut back and that effected his income. So the judge wanted to throw out my court case. My attorney stepped in and reminded this judge this was wasn't about "non-payment of rent" (even though the tenant wasn't paying rent), the case was about the tenant breaking the terms of the rental agreement. Parking spaces, BBQ use and Trash left in the hallways. --47.155.xx.xxx




Chasing deadbeats (by Jason [MI]) Posted on: Apr 29, 2022 10:53 AM
Message:

I have good luck collecting from them. Was actually thinking of doing collections on the side but need to talk go my local landlord attorney first.

There are a few places if you have ss# can look --107.116.xx.xx




Chasing deadbeats (by Sisco [MO]) Posted on: Apr 29, 2022 10:58 AM
Message:

I had the same attitude about collecting judgements as you do Roy. MYOB and Brad 20k changed my mind enough to try. I first spent about 1 hour on learning the court forms, fees, and court clerk office procedures.

I then spent 1 hour familiarizing myself on the methods of searching for the people.

After the initial 2 hour time investment, my time requirements dropped to 5 minutes total.

I collected $38,000.

The bigger payoff was that learning the processes improved my screening effectiveness and I now go for years between evictions.

I have improved and increased the amount I collect at move out to reimburse expenses to make unit rent ready.

I realized huge improvements in my operation came after I began to chase deadbeats. --149.76.xxx.xxx




Chasing deadbeats (by Carolyn [MO]) Posted on: Apr 29, 2022 10:59 AM
Message:

Back in the days when I had many rental properties I always tried to get judgments when appropriate and then most of the time I collected on them. Now it is almost impossible to get a judgment and if one gets one almost impossible to collect on it. That means I haven't done this recently. It hasn't been worth my time and effort.

But back to when I was regularly getting and collecting on judgments. When there was an employer I would file all of the correct paperwork that required the employer to withhold a certain amount and send it on to the court system.

Once I had an employer who refused to comply. So, I then sued the employer, got a judgment against the employer, and collected on that judgment. The employer was very angry, but that was tough - he was violating state laws.

I also sued the local Section 8 housing authority more than once - when they didn't pay the appropriate rent for a Section 8 renter using a lame excuse. I won each time. Then the housing authority would refuse to pay the judgment, so I would garnish one of their bank accounts. They didn't like that at all, but tough for them. After more than one case like that when they would try to get out of paying the required rent for one of the Section 8 tenants renting from me, I would just say to them - well, I guess I have to sue you yet again. Usually that was enough that they would pay me what was due to me.

Another time I sued the dad of a college student renter. The dad seemed to forget what he had signed when I leased to his son. I garnished a bank account of the dad - and he was angry. Tough for him - he needed to teach his son to pay his bills.

On the other side of things, I occasionally helped someone defeat an attempted suit by a landlord or get out of paying a wrongly obtained judgment. Obviously I didn't do this unless I had convincing evidence that it was the renter in the right in those cases.

--136.32.xx.xx




Chasing deadbeats (by Roy [AL]) Posted on: Apr 29, 2022 12:40 PM
Message:

Thank-you Sisco (and Carolyn) for your replies. I wanted to hear from LL's who actively pursue judgments on their own time and not turn it over to an attorney or collection agency that confiscates half of what is owed to you. Especially if you are a DIY type, why not pursue deadbeats like Sisco does?

Based Sisco's reply, I may have to learn the legal ropes/tactics of pursuing deadbeats after a monetary judgment is obtained. I have talked with attorneys about this topic and their attitude is,...why would any LL with a $3,000 judgment think they could actually get paid by someone who could not even pay $500.00 in rent? Is there any logic here?

Sisco - can you answer this question? --71.207.xxx.x




Chasing deadbeats (by WMH [NC]) Posted on: Apr 29, 2022 12:47 PM
Message:

I would think of it as a long-term thing, Roy. The Collection Agency reports it to all 3 credit bureaus and someday, maybe, the tenant needs to buy a car or even a house...and there you go, a judgement that must be satisfied to proceed.

Happened to my son 25+ years ago. Buying their first house, a long-ago apartment complex in Florida had a judgement against them for damages. Sad to say that it was wrong (apartment upstairs flooded their apartment but the complex had changed hands and records were missing...) It was a minor amount and he just paid it to move on the more important stuff. --50.82.xxx.xxx




Chasing deadbeats (by Sisco [MO]) Posted on: Apr 29, 2022 1:09 PM
Message:

Your attorney could be giving you sound advice if you are dealing with someone who CANíT pay $500.

WONíT pay is another matter, and much more common.

I work at avoiding those who may fall into the CANíT pay group. Learning collections helps me to identify them more readily. --149.76.xxx.xxx




Chasing deadbeats (by Roy [AL]) Posted on: Apr 29, 2022 1:26 PM
Message:

Sisco,

As you may remember, I use to be in the commercial photography business long before I ever became a LL. Back then, I use to sue commercial RE developers (deadbeats) who would not pay me what they owned me. I won every case I filed. This is where most of my knowledge of legal system originated from. In the commercial legal world, I would put a lien on someone's million dollar property (ie. shopping center) and that is when the deadbeat would call and say "I have a check for you". My biggest deadbeat payday back then (1990's) was $18,000.00.

On the residential end and with my tenants, they don't own anything that I can put a lien on and I can only garnish if they are garnishable. Some are but many are not. --71.207.xxx.x




Chasing deadbeats (by MAP [NY]) Posted on: Apr 29, 2022 1:43 PM
Message:

I'm STILL waiting for my copy of the judgment from 4/13!!! I think I might have to make a trip in person; fortunately not too far away from my house. --72.0.xxx.x




Chasing deadbeats (by Ken [NY]) Posted on: Apr 29, 2022 1:58 PM
Message:

Roy,the court system goes after deadbeat dads for 2 reasons. 1 it makes the politician who voted for it look tough to voters and 2 it helps keep the women of the deadbeat off welfare saving the community money. Noone cares about a landlord going broke so they dont help us. --74.77.xx.xx




Chasing deadbeats (by JAC [OH]) Posted on: Apr 29, 2022 3:01 PM
Message:

Deadbeat Dads are a base support for many children. If you made them you support them. Rentals are an investment. All investments have risk. --72.49.xxx.x




Chasing deadbeats (by MAP [NY]) Posted on: Apr 29, 2022 3:20 PM
Message:

JAC, Millions of StepMoms would disagree. There is zero guarantee the CS money is spent on the kids. It usually ends up paying for fancy mani/pedi. spray tans, FL vacays and hair for the BMs. --72.0.xxx.x




Chasing deadbeats (by JAC [OH]) Posted on: Apr 29, 2022 3:42 PM
Message:

And millions of destitute single Moms would disagree with you. Making a baby normally takes two and if you made a baby or babies with someone you have an obligation to help finacially support them. This also reduces the financial strain on the public services. There is no perfect solution. --72.49.xxx.x




Chasing deadbeats (by Alfie [AL]) Posted on: Apr 29, 2022 3:55 PM
Message:

Don't rent to deadbeats

and you won't have to chase deadbeats

Thank you for coming to my seminar --156.146.xx.xx




Chasing deadbeats (by WMH [NC]) Posted on: Apr 29, 2022 4:05 PM
Message:

"It usually ends up paying for fancy mani/pedi. spray tans, FL vacays and hair for the BMs."

Such crap crap crap. "USUALLY?" Not hardly.

Are the kids fed, clothed and housed? THAT is what the child support is going towards. --50.82.xxx.xxx




Chasing deadbeats (by myob [GA]) Posted on: Apr 29, 2022 4:55 PM
Message:

Sisco as you know I've stopped posting here but I did want to at least acknowledge you and your efforts. I have tried to lead them to water and make them drink-- but they like the cool-aid better since it's dispersed by the same folks.

For the record and those id-diots-- you can bill the 25% collection fee if you do your own you can add the cost that are additional- like blanketing the banks and not to mention 15% interest.

I've said to much already. Sisco go for the gold-- its a pyramid that can be built on. --99.103.xxx.xxx




Chasing deadbeats (by Hoosier [IN]) Posted on: Apr 29, 2022 5:22 PM
Message:

I had one tenant I evicted, and she then filed bankruptcy...after I had a judgment. I filed with the bankruptcy court as a claimant, thinking I would never see a dime. About 13 months later I got a check for about 65% of what she owed (she owed about $3,200 so we got a check for about $2,100!

I have another one in process that we are trying to garnish...we shall see how that goes. --99.92.xxx.xxx




Chasing deadbeats (by 6x6 [TN]) Posted on: Apr 29, 2022 7:45 PM
Message:

I was wondering what happened to you myob? --73.120.xx.xxx




Chasing deadbeats (by Mike SWMO [MO]) Posted on: Apr 29, 2022 8:48 PM
Message:

Garnishments - Where to start. I have a little while to waste so here goes.

First of all I want to thank MYOB for his many post a ways back about garnishment. I had already been thinking about doing it but he got me off the couch. Thank you MYOB

Is it worth it. That depends. If they owe you 35 cents most likely not worth it. If they owe you one dollar and 35 cents then go for it.

If I take someone to SCC trying to get a judgment I usually have my ducks in a row and win. I think I have only not won one time but that was not because I couldn't win - I just got tired of the court hearing.

I do my own SCC hearings and garnishments for anything $5000 and under - our limit here in MO.

My first Victum I had gotten judgment on and then sent garnishment through the sheriff Dept. He paid for a little while then quit his job. About 4 weeks later he had started working for the same company again. Wham. Now he started paying again.

As MYOB says I not only keep after them I also add the late fees, the mileage, the 25% collection fees a collection company would charge and I think another thing or two.

He owed me $5000 judgment but when all said and done he paid me a little over $7000 due to time and interest. I got it all.

My next Victum the court said he had paid me all the money and wanted me to sign a paper stating he had completed his sentence. I checked statutes and wrote back to the court "No way has he completed his payments". You have forgot to charge interest and another fee or two. That is when I also learned the court was doing their math wrong. As the Victum made payments the court would deduct it from the amount of the judgment. They did not consider the interest and collection fees. Our statutes says the court is to take out the interest and court fees BEFORE deducting the judgment. Its not often you get to tell the court "Hey you Scre-ed up". But when I showed them the state statutes they were very friendly and said " oh yes He still owes you a little over $1000. So he is back to paying again.

Now how do you find the deadbeats. Here in Missouri we can go to the city clerk and ask to see their water, sewer bills and get their address. This is good so far but some dingbat political maggot is trying to change that.

So you do not know where what city town they have moved to. No problem just go to the county collector, county assessor and ask about them. Again the records are open to the public. You can do this by phone. Call two or three different counties and ask about them. Works for us.

I had a unmarried couple that skipped out on me. I knew where he worked so sent notice through sheriff and hauled him into court. Got judgment on him for $15,600 but couldn't add her as she didn't get served.

So I go to the County assessor office and ask if they had her listed as owning a house, car or anything. Sure we do. She has a vehicle worth X $, Is buying a house and she lives at 123 Main street it City. Good enough, sent sheriff to serve her. Went to court and got judgment against her for $16,400.

So now I have two judgments with two court case numbers. So my question is can I collect on each of them, total around $32,000 or will I have to settle for a mere $16,000 +.

Time to stop.

--98.17.xxx.xxx




Chasing deadbeats (by Ken [NY]) Posted on: Apr 29, 2022 9:52 PM
Message:

MIKE, if they are for the same judgment then you should only collect once but when they screw me then i consider anything to be fair.When i get a judgment it is for what they owe me,how are you guys adding 25% for collections? i pay that out of my collections,i cant add anything other than interest yearly at a rate of 9% --74.77.xx.xx




Chasing deadbeats (by Mike SWMO [MO]) Posted on: Apr 29, 2022 11:39 PM
Message:

Ken our state statue says 9% interest. However it goes on to say if we have a higher interest listed in our contract then we can charge that amount. My contract states 1% per month (12% per year, Therefore I charge them 12% interest.

The funny thing about the 2 judgments is they are 2 separate case numbers, Court held on 2 separate dates.

The 25% collection fee is as MYOB talks about.. If we hired a collection agency they would charge us 25% or in Sids case 50%.

I just put that in my paperwork ( Rental contract) and they have not contested it yet --98.17.xxx.xxx




Chasing deadbeats (by Mike SWMO [MO]) Posted on: Apr 29, 2022 11:39 PM
Message:

Ken our state statue says 9% interest. However it goes on to say if we have a higher interest listed in our contract then we can charge that amount. My contract states 1% per month (12% per year, Therefore I charge them 12% interest.

The funny thing about the 2 judgments is they are 2 separate case numbers, Court held on 2 separate dates.

The 25% collection fee is as MYOB talks about.. If we hired a collection agency they would charge us 25% or in Sids case 50%.

I just put that in my paperwork ( Rental contract) and they have not contested it yet --98.17.xxx.xxx




Chasing deadbeats (by Mike SWMO [MO]) Posted on: Apr 29, 2022 11:39 PM
Message:

Ken our state statue says 9% interest. However it goes on to say if we have a higher interest listed in our contract then we can charge that amount. My contract states 1% per month (12% per year, Therefore I charge them 12% interest.

The funny thing about the 2 judgments is they are 2 separate case numbers, Court held on 2 separate dates.

The 25% collection fee is as MYOB talks about.. If we hired a collection agency they would charge us 25% or in Sids case 50%.

I just put that in my paperwork ( Rental contract) and they have not contested it yet --98.17.xxx.xxx




Chasing deadbeats (by Mike SWMO [MO]) Posted on: Apr 29, 2022 11:43 PM
Message:

Sorry about the multiple post.

1st time I have tried using my phone to do this.

I see it does not work very well --98.17.xxx.xxx




Chasing deadbeats (by zero [IN]) Posted on: Apr 30, 2022 7:38 AM
Message:

We can charge 8%. I used to be able to add in collections fees but the last judge said that was a no go and the new judge follows that rule.

Used to be the collection agency added 30% to the total. That meant I collected all mine, plus interest and they got theirs as well.

Now they just get half of mine, plus the interest. It stinks, but I figured I would never collect most of the monies owed so anything I get is a bonus.

Plus it reminds the deadbeats of what they did. --107.147.xx.xxx




Chasing deadbeats (by Sisco [MO]) Posted on: Apr 30, 2022 9:10 AM
Message:

Regarding collection fees:

I think that you can add those fees in most jurisdictions. The challenge is finding the acceptable method of getting the fees included.

In my locale, the collection fees must be listed with damages, attorney fees, and court costs. If I list my expenses then request collection fees be added, collection fees will be disallowed.

Additionally, my lease states that tenant is responsible for court fees, attorney fees, and collection fees plus interest.

--149.76.xxx.xxx




Chasing deadbeats (by Busy [WI]) Posted on: Apr 30, 2022 10:18 AM
Message:

MYOB, glad to see you are still reading. You always make me think. I may not always agree, but, I do consider your viewpoints. --70.92.xxx.xxx




Chasing deadbeats (by myob [GA]) Posted on: May 1, 2022 2:26 PM
Message:

Busy back at cha on that.

The collection fee of 25% is 5% less than our old collection company charged. I now have in house collection and there's expense's associated with that. IT'S NOT FREE. Put it in your lease. Same with interest. 15% is for unsecured debt just like anyone else who is owed money.

Second when you get to court for the judgment-- especially if the tenant is there make sure your paper work explains that this agreement is enforced as long as all party's do what they agreed to do. Should there be none payment then all fees and additional expense to collect will be added to the debt. THEN add them. Our lease follows state law that any expense incurred and billed will be the responsibility of the losing party.

So when we blanket 30 banks to find accounts that expense is shouldered by the LOSER in the case.

One step we have found to work extremely well. When a tenant owes you say 5000.00 all inclusive. Cut 25% or 30% or even 35% off the amount owed. Forgive the interest if you want. Make it a winner for the tenant in every way. Make yourself look great to the court. "I mean judge how much do you want me to forgive?"

How many do you think will do as they agreed to?

With this stipulation: should so and so not abide by the payment plan agreed to here today all forgiven debt we be recalculated to the original amount including any additional atty fee's, collection fees or court costs.

winner winner chicken dinner. --99.103.xxx.xxx





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