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Collection Company?

teamcapitolateamcapitola CARegistered User, Daily Operations Certified, Advanced Operations Certified, Administrator Certified, myHub Certified ✭✭✭✭✭
in Starting Out in Self-Storage


The collection company we have used for years has simply up and disappeared...literally!

Would anyone like to share recommendations for a Self Storage Collection Company?  Any referrals would be greatly appreciated!



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Comments

  • MattSMMattSM WIRegistered User ✭
    We use a general collections agency, we only pay when they collect...seems like a waste of time honestly but at least someone else is bugging the past dues after we move them out.  Did you have any prior success?  
  • i43storagei43storage WIRegistered User, Daily Operations Certified, Advanced Operations Certified, Administrator Certified, myHub Certified ✭✭✭✭✭
    May be a waste of time, but it will show up on their credit report if they want to purchase anything of substance.
    Jean Marie
    I-43 Storage
  • MattSMMattSM WIRegistered User ✭
    I agree but the majority of the tenants we do send or would send- I have to imagine are already in financial trouble and it doesn't seem to make a big impact in terms of collecting....
  • teamcapitolateamcapitola CARegistered User, Daily Operations Certified, Advanced Operations Certified, Administrator Certified, myHub Certified ✭✭✭✭✭
    Seriously!  In 7 years we have never had anyone actually pay because of collections, but I want it to cloud their credit regardless; one day they might try to buy a house or car, and then pay us just to get the loan...its unlikely, but it could happen.
  • OrkoceanOrkocean CARegistered User, Daily Operations Certified, Advanced Operations Certified, Administrator Certified, myHub Certified ✭✭✭✭✭
    Have had maybe a handful of people pay over the years out of overseeing 20+ sites. The ones who did were due to as they said above, trying to buy a house and needed it off their reports. Had one who wanted to rent a unit at the same property and we told him until it's paid up he can't rent again. He actually kept up with payment plan until it was fully paid off then rented. Tons of storage options in the town so that one truly shocked me that he wouldn't just go elsewhere. 
  • i43storagei43storage WIRegistered User, Daily Operations Certified, Advanced Operations Certified, Administrator Certified, myHub Certified ✭✭✭✭✭
    @Orkocean - must have been your charming personality.  B)
    Jean Marie
    I-43 Storage
  • OrkoceanOrkocean CARegistered User, Daily Operations Certified, Advanced Operations Certified, Administrator Certified, myHub Certified ✭✭✭✭✭
    If that was the case they'd all be paid! LOL
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