Outstanding tenant accounts are a heavy drain on a rental property business. It is essential to have a strategy for Tenant Debt Collection. Because there is a degree of uncertainty as to whether a debt can be collected, debt collection agencies typically adjust their fees accordingly, and take a large percentage of what they collect. There …. Continue Reading
Tim Paulsen is an international specialist training credit and collection professionals in past due rent collection. Drawing on his experience as a collector, fraud investigator, skip-trace manager, and consultant, he is the author of Paid in Full, a popular book on collections, now in its second edition. When Tim trains collection departments, either as a consultant …. Continue Reading
Debt Collection Begins Before Your Tenant Ever Moves InThe information that a landlord collects during a thorough tenant background check is the same information that a debt collection company will use to collect tenant debts. “Your tenant debt recovery efforts start before the tenant moves into your unit,” says Dan Page, a representative of tenant debt collection company …. Continue Reading