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Updated 3 months ago on . Most recent reply
![Marc Chale's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2163981/1648221718-avatar-marcc125.jpg?twic=v1/output=image/crop=600x600@0x0/cover=128x128&v=2)
Tenant Ready to Settle Debt Following Eviction
The tenant suddenly stopped paying rent, claimed 'banking glitch' and squatted for 6 months while we worked through the evictions process. The court ordered the tenant to pay back-owed rent plus interest. 2 years passed, and the tenant reached back asking to "clear up the balance." I'd appreciate advice on our next steps. In particular:
(1) Should I hire a law firm or collection agency to facilitate the transaction? What's a reasonable fee?
(2) Should we expect to settle for the full amount of the court ordered debt plus court ordered interest? Our counsel previously advised we are legally entitled to a greater amount including all lost rent until the home was re-signed, cost of lock-out, cost to clean up house, physical damage, ect.
For context, this is a solid house in a decent neighborhood and we never had prior issues with the tenant.
Thanks in advance!