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Auction timing

AlanKellerAlanKeller NJRegistered User
How long do you think is proper between the time someone pays to get off one auction, and the time you set them up for a new auction?
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Comments

  • skinmanskinman KSRegistered User, Daily Operations Certified, Advanced Operations Certified, Administrator Certified, myHub Certified ✭✭✭✭✭
    edited November 12
    It really depends on your state statutes... Once a person is 45 days late, they go back on the list here. if they can somehow manage to pay the balance at auction time every time, they can pay monthly and simply choose not to, IMO

    That may not ring true in every situation, but I have multiple people who never pay until the auction list is generated. They always pay their entire balance. Not sure why someone would not want to eliminate all the late fees and never have access, but that's what they do.
  • AlanKellerAlanKeller NJRegistered User
    Well yes I know our statutes, but sometimes we accept less than the total balance to get them off the auction which can result in them immediately being added to the next auction. Right now we give them a 2 week reprieve. I'm just not sure what others do.
  • skinmanskinman KSRegistered User, Daily Operations Certified, Advanced Operations Certified, Administrator Certified, myHub Certified ✭✭✭✭✭
    I accept less than the total as well, but am limited on the amount of times I will do it. The first time a person reaches auction, I allow them to pay 60% to be removed and we sign a payment plan (stuff happens). If they don't follow through and reach auction status again, I require 75% to be removed. If they reach Auction status a 3rd time... it's total balance only.
  • CVSSSTORAGECVSSSTORAGE CARegistered User, Daily Operations Certified ✭✭✭
    We only accept the full amount owed, if we take any less we require them to move out of the unit. We have a lady here who since I have worked here for 3 years is always up for auction. Every time she pays what is owed on the auction date. We also make them pay any new charges that are owed so if their rent came due the day they paid they had to pay the past due and the current.
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