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Updated about 4 years ago on . Most recent reply

User Stats

47
Posts
50
Votes
Anne Jenkins
  • Investor
  • Pennsylvania
50
Votes |
47
Posts

Collecting unpaid rents after judgement

Anne Jenkins
  • Investor
  • Pennsylvania
Posted
Have a unit that the tenant moved out before the eviction, but have judgement on the unpaid rents and damages.  Before I proceed, I was hoping to hear from those of you who have successfully collected.  What is the next step.  I know the tenants new address.  I know he has assets and a significant disability income.   In addition he runs a handyman under the table business.    Looking to collect but wondering what my costs will be and the pitfalls of the process.   Thanks to anyone who can shed some light.

Most Popular Reply

User Stats

500
Posts
316
Votes
Michael Robbins
  • Property Manager
  • Henderson, NV
316
Votes |
500
Posts
Michael Robbins
  • Property Manager
  • Henderson, NV
Replied

@Anne Jenkins You might consider a letter to the tenants offering a choice on how they would like to proceed.  The letter would include a statement of the amount owed and two options: (1)  Payment Plan over 1-6 months paid in equal installments with no interest (2) Payment in full.  Make sure to specify a date on which the payment must be in full or the payment plan starts.  If they do enter a payment plan, then make sure the agreement is signed and states that if a payment is missed then the remaining balance goes to collections.  I have had good success in this strategy and saved a lot of money on the % deducted by a collection service.

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