Author Topic: After eviction - Putting tenants in collections  (Read 324 times)

Enigma

  • Bristles
  • ***
  • Posts: 250
  • Age: 38
  • Location: Overseas Contractor
After eviction - Putting tenants in collections
« on: November 30, 2017, 09:38:50 PM »
I have been using 'www.rentrecoveryservice.com (rrs)' but will be switching to 'olddebts.com (od)'
I didn't realize it until yesterday that (rrs) uses (od) in the background.  The cost is less per person put into collections

There are different reasons you can put people in collections with (od) (unlike rrs)
 - General: Use if your debt type is not listed.
 - Medical: All HIPAA category debts, no pets.
 - Personal Services: Hair, nails , tailor etc.
 - Education: For school and education loans only.
 - Banking: For banking institutions only.
 - Rental/Leasing: For all tenant/landlord debt.

[each include reporting to all three collection agencies + Address change search]
1-ltr pkg w/collections -> rrs = $16.95  od = $12.95
3-ltr pkg w/collections -> rrs = $26.95
4-ltr pkg w/collections -> od = $24.95
(With (od) there is also bulk pricing)

++Also (od) is not limited to just rental/leasing debt.
++Also you do not need a SSN (social Security Number)

I in no way get paid to list this information.  I just wanted to post what I do after I go through the headache of evicting an individual from my units.  So if a renter moves out owing me more than $1000, I put them in collections a couple of months later.  Thus far I have put about 20 individuals in collections with just 1 letter.  It has only paid off twice in receiving money.  But it does make the next person they fill out a background check with aware they didn't meet their obligations on paying rent.
"Periodically calculating your net worth -- the value of your assets minus your liabilities -- is the best way to measure and track your financial well-being." - unk

FI: Sept 1, 2014 (Age 35) - Completed
RE: Friday July 12, 2019 (Just b4 40th Bday) - Goal

Blindsquirrel

  • Pencil Stache
  • ****
  • Posts: 550
Re: After eviction - Putting tenants in collections
« Reply #1 on: December 04, 2017, 07:13:33 PM »
   Do they require a money judgement to start? just curious. Have been using lawyer who gets 33% of amount collected. He is a world class snake so he is normally somewhat successful.
Even a blind squirrel finds a nut once in awhile.