What is the best collection agency to send a tenant to ?

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What is the best collection agency to send a tenant to ?

Desmond Brifu
Member since 2019 · 7 posts · 1 vote

Hi BP, I own a multi family in NJ and my tenant is 2 months into her 12 month lease when she tells me she will be moving out as of 30 days because “it’s just not working out”. I spoke to an attorney in which advised me to cut my losses as she’s been a nightmare since day one. I will still make an attempt to collect. Can anyone refer any collection agencies?

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Nathan GesnerBusiness Member
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Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes
4y

I have tried four different collection agencies in the past and they all sucked. In January I submitted about 50 tenants to Capital Accounts and they have already collected more in three months than all the other agencies did in the last ten years.

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  • Nathan GesnerBusiness Member
    Moderator
    Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes
    4y

    I have tried four different collection agencies in the past and they all sucked. In January I submitted about 50 tenants to Capital Accounts and they have already collected more in three months than all the other agencies did in the last ten years.

    The DIY Landlord Book4.7247 Reviews
    WebsiteView Page
    2Reply
  • Desmond Brifu
    OP
    Member since 2019 · 7 posts · 1 vote
    4y

    @Nathan G.thank you ! I’ll give them a call.

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  • Joe S.Pro Member
    Investor · San Antonio · Member since 2020 · 3k+ posts · 3k+ votes
    4y
    Quote from @Nathan Gesner:

    I have tried four different collection agencies in the past and they all sucked. In January I submitted about 50 tenants to Capital Accounts and they have already collected more in three months than all the other agencies did in the last ten years.

     I just read the reviews on them. Their reviews are terrible, but what do you expect when almost all the reviews are coming from people that Capital Accounts is trying to collect from. I guess if Capital Accounts were sweet and easy to work with they wouldn’t of got so much collected on your behalf. It appears Capital Accounts is serious about making their presents known.

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  • Nathan GesnerBusiness Member
    Moderator
    Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes
    4y
    Quote from @Joe S.:

    I just read the reviews on them. Their reviews are terrible, but what do you expect when almost all the reviews are coming from people that Capital account is trying to collect from. I guess if Capital account were sweet and easy to work with they wouldn’t of got so much collected on your behalf. It appears capital accounts is serious about making their presents now.

    I have been very, very surprised by their performance. Here's a snapshot of my account:

    They call me once every 7-14 days to see if I'm satisfied with their service or give me updates on anything. It's almost to the point of annoying, but I have 2,350 reasons to not complain!

    The DIY Landlord Book4.7247 Reviews
    WebsiteView Page
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