Collections Services in Fall River / New Bedford, MA

[Ryan Morrissey]

I am invested in 18 units in Fall River and New Bedford, MA which, for those are unfamiliar with the area, would be considered a c-class investment market in my opinion. Early lease terminations and evictions are fairly common and from my experience, happen at a 10-15% clip without batting an eyelash. By contrast I also have some property in Boston, MA where non-payment of rent is something that rarely happens and has never happened to me in 4 years of being a landlord there.

I have a couple questions to ask other landlords in that area (or similar “c-class” areas):

1.) Do you bother trying to chase evicted or terminated tenants for non-payment of rent? Or given the dynamics of the market and potential low likelihood of recovery, do you not even bother? What factors drive your decision to pursue collections versus leave it alone?

2.) For those who have experience with collections services in the area, is there anyone you would recommend working with for this? I have several cases where I’ve been burned for more than a couple grand and am looking to recover as much as possible

Thanks,

Ryan