Judgement/Collection
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Judgement/Collection (by dannyc1976 [MO]) Aug 18, 2017 7:46 AM
       Judgement/Collection (by plenty [MO]) Aug 18, 2017 8:15 AM
       Judgement/Collection (by razorback_tim [AR]) Aug 18, 2017 3:30 PM
       Judgement/Collection (by Robert J [CA]) Aug 19, 2017 5:30 AM


Judgement/Collection (by dannyc1976 [MO]) Posted on: Aug 18, 2017 7:46 AM
Message:

I know it has been talked about here a number of times regarding how important it is to not just let an outstanding balance go after a tenant moves out.

In July we had an open balance of around $22k owed for judgments and collections related to evictions and damages against past tenants. In the last 20 days 1 of those accounts paid off their account in the amount of $3,393 and received $710 in garnishments from another.

--24.217.x.xxx




Judgement/Collection (by plenty [MO]) Posted on: Aug 18, 2017 8:15 AM
Message:

That's good news. How did you go about moving these forward? From judgement to payday ? Did you turn the judgements over to a service? Whom ? --66.87.xx.xxx




Judgement/Collection (by razorback_tim [AR]) Posted on: Aug 18, 2017 3:30 PM
Message:

Good job. Collections are a vital part of this business. --166.137.xxx.xx




Judgement/Collection (by Robert J [CA]) Posted on: Aug 19, 2017 5:30 AM
Message:

I waited six month to attempt my first collection. Why? Because in my State, a judgement can be contested with an attorney within the first six months of receiving a court ordered judgement.

Then I send out a letters asking for payments. First at my x-tenants new residence. Followed up at their place of employment. If still no answer I send out a second notice to address left on the tenants application, such as parents or friend to contact in case of emergency. I send the letter to that contact with a c/o (care of) name of my x-tenant.

Then if still no reply, I conduct a debtors exam through the courts.f If the tenant doesn't show up, I get a bench warrant. This will lead to an arrest of the x-tenant which will get the ball rolling towards a settlement.

Out of my 100 plus eviction/judgments against x-tenants over the past 40 years, I've collect on about 5 to 10%. Never worth the time going after a low income tenant with nothing to loose. Only tenants with good credit scores, jobs and productive people will wish to pay something towards a debt. --47.156.xx.xx





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