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What is a rent collection agency?
How does a delinquent rent collection agency work?
How do I contact a rent debt collector?
How can a debt collector help a landlord and property manager?
We actively pursue collection of all balances due from past residents for 30 days in the house. After one month, we send all the details and documents to a professional collection agency. They place the collection with all 3 Credit Bureaus and continually attempt to make the collection in accordance with applicable Federal Law.
Our experienced skip-tracers can find your debtor’s new location, giving us the ability to provide a nationwide collection service tailored to fit your specific needs. We are the trusted collection agency for landlords and look forward to showing you why!
Customer Service. Our customers can expect professional assistance from Rent Recovery Solutions. We understand the needs of our clients. We strive to quickly address all requests and to insure you have a positive experience when contacting RRS. Our clients may select from various forms of contact methods when seeking information. We understand ...
BBB accredited since 9/29/2009. Collections Agencies in Goodlettsville, TN. See BBB rating, reviews, complaints, get a quote & more.
- What Is A Rent Collection Agency?
- Rent Collection Agency Alternatives
- How to Avoid Using A Rent Collection Agency
A rent collection agency, also known as a debt collection agency, is any company that specializes in collecting delinquent rent payments from tenants. Delinquent rent payments are rent payments that have not been submitted by the date that they are due. These companies are typically the best choice for property managers. This way, they do not waste...
Personally Claim Payments
If the landlord believes that the tenant may pay the rent if they are confronted, they can personally go and attempt to get their money back. This is typically the case when the tenant's lease agreement expires and they simply leave the property with unpaid debts. In this case, it may be rather difficult to locate the tenant. This is because tenants will not always offer a forwarding address. This means that it is up to the landlord to figure out where the tenant is currently living and send...
Credit Bureau Reporting
Another thing that landlords or property managers can do is report the outstanding debts to a credit bureau. This would usually be done by the rent collections agency if one is hired. When the debt is reported to the credit bureau, it will stay on the credit reports as unpaid rent. To remove this debt from their file, a tenant must get it cured, meaning they must pay the debt.
Small Claims Court
Another way for landlords to collect money from their tenants is to file a small claims case. If all local court rules are followed, and the lease terms are adhered to, the landlord may be able to collect money for additional damages, late fees, and legal fees. Although this method could end very favorably for the landlord, it also requires a ton of time and resources from them. For this reason, whether or not to file with the small claims court depends on the amount of money that your tenant...
Although a rent collection agency is supposed to get a landlord all of his money back, it would be ideal to not have to rely on one to get paid. Below, we have included some tips to make sure your tenants pay their rent.
Rent Recovery Solutions is a national receivables management company exclusively serving the needs of the multifamily industry. Our business is 100% focused on the billing and collection of rent-related debt for management companies and apartment communities.
Jan 27, 2021 · An easy way to calculate the amount due is to divide the past rent debt by the number of months left in the current lease. If the lease will end soon or that amount is too great a burden, you might consider asking them to sign a lease extension, giving them longer to pay off the debt. Payment Incentives.
