Auction
Lunenburgss
Registered User ✭
After auction may I take tenant to small claims court for outstanding rent due on unit
0
Best Answers
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Orkocean Registered User, Daily Operations Certified, Advanced Operations Certified, Administrator Certified, myHub Certified ✭✭✭✭✭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.8 -
teamcapitola Registered User, Daily Operations Certified, Advanced Operations Certified, Administrator Certified, myHub Certified ✭✭✭✭✭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!9 -
i43storage Registered User, Daily Operations Certified, Advanced Operations Certified, Administrator Certified, myHub Certified ✭✭✭✭✭We send all of our non-collectable rent to collections. It costs nothing and takes seconds online to do.
Jean Marie
I-43 Storage6
Answers
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Lunenburgss: Let it go!!!!4
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skinman Registered 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 $5000 -
Thank You1
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If you don't mind me asking what collection service do you use?i43storage said:We send all of our non-collectable rent to collections. It costs nothing and takes seconds online to do.0 -
In Salt Lake we sent it to a collection agency -first thing they did was put it on their credit - in 3 years we actually collected from about 5-6 former tenants. Didn't cost anything but a few minutes of my time.0
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Who do you use for collections?i43storage said:We send all of our non-collectable rent to collections. It costs nothing and takes seconds online to do.0 -
i43storage Registered User, Daily Operations Certified, Advanced Operations Certified, Administrator Certified, myHub Certified ✭✭✭✭✭
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Thank you very much!i43storage said:1
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