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Auction

After auction may I take tenant to small claims court for outstanding rent due on unit

Best Answers

  • OrkoceanOrkocean CA ✭✭✭✭✭
    Accepted Answer
    Either write it off as bad debt or send it collections. Sending to collections isn't a guarantee of getting $$ though. I know our last company the one we used had a little over 1% recovered. The typical ones I saw who would pay it off were when it got put on their credit report and was preventing them from getting into a new lease/home purchase.
  • teamcapitolateamcapitola CA ✭✭✭✭✭
    edited January 2018 Accepted Answer
    The court costs (and time involved) just isn't worth it; if they let everything go to auction, it's unlikely they have any money or assets. We send to collections, but in 6 years I have not seen one penny recovered. I agree with the rest of the comments.... write it off, and rent the space asap!
  • i43storagei43storage WI ✭✭✭✭✭
    Accepted Answer
    We send all of our non-collectable rent to collections.  It costs nothing and takes seconds online to do.
    Jean Marie
    I-43 Storage

Answers

  • ThriftyStorageThriftyStorage NARegistered User ✭✭✭
    Lunenburgss: Let it go!!!!
  • skinmanskinman KSRegistered User, Daily Operations Certified, Advanced Operations Certified, Administrator Certified, myHub Certified ✭✭✭✭✭
    You can send them to collections, but we usually don't unless the amount still do is over $500
  • LunenburgssLunenburgss MARegistered User
    Thank You
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