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 is another option.
Rent Recovery Service is a tenant debt collection agency specializing in tenant debts. RRS helps landlords collect debts directly from tenants without paying a contingency fee.
This is an online service collection agency where landlords supply the information. Rent Recovery Service sends out collection notices to delinquent tenants. The notices come from a bona fide collection agency, which often prompts the tenant to pay right away. Landlord pays only a low fee for the cost of the letter, and is free to keep any money collected.
If you would like to give it a try, visit Collect Tenant Debts, and select flat fee collection. Rent Recovery Service charges a small flat fee to send our collection letters on your behalf. No commissions, hidden costs or minimums. Just straight forward collection agency services.
This post is provided by Landlord Tenant Rights to help landlords and property managers reduce the risks of rental income loss. Landlord Tenant Rights provides articles on Reporting Tenant Rent Pay and Tenant Screening to ensure the necessary information is readily available to all Landlord & Tenants.
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Disclaimer: The information provided in this post is not intended to be construed as legal advice, nor should it be considered a substitute for obtaining individual legal counsel or consulting your local, state, federal or provincial tenancy laws.