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Updated 11 months ago,

User Stats

29
Posts
6
Votes
Andre Davis
Pro Member
  • Real Estate Investor
  • Chicago, IL
6
Votes |
29
Posts

Sending Tenants to Collections

Andre Davis
Pro Member
  • Real Estate Investor
  • Chicago, IL
Posted

Hello BP,

I have a tenant who I started the eviction process who recently moved out before the court date but left with a substantial balance. I’m wondering if it is worth it to send them to collections? And if so, what is the cost and prospect for collecting something, certainly not all, but something.

My thinking is that if it shows up on their credit, it may hamper employment, car purchases, rental applications, education funding, etc and at some point they would need to pay me to go forward with some major life steps over the next 10 years.


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