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Updated 11 months ago on . Most recent reply

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Victoria E.
  • Investor
  • Brooklyn, NY
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Past due debt for rent an damages

Victoria E.
  • Investor
  • Brooklyn, NY
Posted

I have a tenant who has moved out and  i now have a judgement against.  Any recommendations for lawyer or a reasonably priced debt collector to assist in collecting the debt ?

Any success stories with collecting by garnishing wages? or general success in collecting? what strategy did you use?

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JD Martin
  • Rock Star Extraordinaire
  • Northeast, TN
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JD Martin
  • Rock Star Extraordinaire
  • Northeast, TN
ModeratorReplied
Quote from @Victoria E.:

I have a tenant who has moved out and  i now have a judgement against.  Any recommendations for lawyer or a reasonably priced debt collector to assist in collecting the debt ?

Any success stories with collecting by garnishing wages? or general success in collecting? what strategy did you use?

Unless it's a tremendous amount of money, it will probably be more trouble and cost to collect than you're willing to get into. However, I applaud you for getting a judgement as that helps everyone going forward. There are collection agencies that will buy your judgement for some portion of a dollar, depending on how much it is and how likely they think they can collect. If you have a $5k judgement, and you can get a guaranteed grand or two from an agency, that's not a bad deal *and* you have the satisfaction of knowing they will hound this person from here to eternity. 
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Skyline Properties

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