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?
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....
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.
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.
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I-43 Storage
I-43 Storage