Auction
Lunenburgss
Registered User ✭
After auction may I take tenant to small claims court for outstanding rent due on unit
0
Best Answers
-
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
-
Lunenburgss: Let it go!!!!4
-
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
-
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
-
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 ✭✭✭✭✭
-
Thank you very much!i43storage said:1
Categories
- All Categories
- 2 What's New
- SiteLink Community Discussions
- 2K SiteLink General Discussions
- 81 SiteLink myHub
- 48 Lead to Lease
- 15 Price Optimization
- 36 SiteLink Certified Professional
- 185 How-To's
- 97 Training Videos
- 7 Other Resources
- 79 SiteLink, SpareFoot & storEDGE merge
- Self-Storage Operations
- 65 Starting Out in Self-Storage
- 3 3rd Party Management
- 223 Regional Discussions
- 191 Miscellaneous Discussions
- 39 Industry Webinars
- SiteLink Marketplace
- 62 Self-Storage Website Design & Listing Services
- 32 Credit Cards & Payment Processing
- 31 Self-Storage Call Centers & Kiosks
- 46 Notifications, SMS & Phone Integrations
- 93 Self-Storage Insurance, Legal & Auctions
- 11 Self-Storage Revenue Management & Analytics
- 24 Gates & Access for Self-Storage Facilities
- 10 Ancillary Services for Self-Storage Facilites
- Self-Storage Times
- 62 News
- 30 Opinion
- 147 Lifestyle