General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 10 years ago,
eviction and collecting on a judgment.
Hi BP,
I got this email from property manager:
" The attorney has an option where you can pay a $80 skip trace fee and then nothing additional until they are able to collect, at which point they take 33% of what they collect. This is obviously not ideal, however it limits additional costs to you and obviously give the attorney a true incentive to collect the debt. Let me know your thoughts on this as well please."
My tenant was evicted about 5 months ago in the state of Indiana. I got a judgment award for losses of over $4000. I have not collected a single penny yet. I get this email from my property manager with very little details.(Is this a good way to collect? what is the success rate? Are there any other methods to collect?)
Any thoughts or experiences?