All Forum Posts by: Jan Upande

Hello Smart People!

I evicted a tenant and got the Eviction judgement from the Judge. I waited for 12 days and have not heard that the ex-tenant has appealed it.

In terms of next steps, I was thinking of the following 3 steps:

1. Send the Eviction to the Credit bureaus to get this on the ex-tenant's credit. I was planning to go each of the three agency websites and ask for help on how to do it there. Question: Can anyone share their experience: Specifically what do these agencies need before they post it on his credit? 

2. Send this to a collection agency Question: What agencies do u recommend and any terms to keep in mind while I sign up with one?

3. Email this to the tenant and see if he wants to settle. Question: Is this a good idea? Any caveats you can share?

Your help is much appreciated...Thank you in advance!

Hello,

#1. Can you experts share your experiences/recommendations for a Collection Agency. My ex-tenant in TX was evicted, owes me $3.8K, but is a deadbeat (alcohol issues) and cannot keep up a job.  So I am looking for recommendations in this scenario. I also need a clarification here: Since I was awarded the Eviction and assigned a bailiff, does that amount to a Judgement that can be put on that individual's record? Or is that something I need to obtain separately? I am thinking that getting a Judgement and putting it on his record is more likely to result in a payment in the future (assuming this guy stabilizes over time) instead of the Collection company trying to go after a guy who is struggling to keep a job today.

 #2. Also, What else can I report to to ensure this eviction goes on his history. I am planning to contact the 3 Credit Agencies. Anything else that I can do?

Thank you very much folks!!

@Michael Jones, good perspective to have. It seems like this is coming down to a gut feel since they seem to eager to please in terms of providing documentation and seem to be grateful to being considered. The biggest challenge is the young Age of the Son who has a Social but is only 18. At that age their ability to lose employment is high. The Mom is working on ITIN at McDonald's for 10 years. So trying to determine the ability to pay based on it....... :(

Can I PM you about collections via Civil Suit ?

Many thanks for your helpful answer!

 Thanks @Thomas, Good point. Given the predominantly Hispanic neighborhood, its almost impossible to find a tenant with a single income that covers the Rent to income (1:3) ratio. So its a bit frustrating in making the decision. 

 Thank you @John Underwood. I am asking for a 1.4 times security deposit. Good point.

Hello Friends,

Want to know your advise about renting to someone who is a single Hispanic mother with 3 kids. I have 2 questions:

1. The mother has an ITIN (issued in 2010) and does not have a Social, but  has a 18 year son who has a Social Security number. Does this pose bigger risks in terms of complying with the law or eviction?

2. The combined income is $4500 while the rent is $1500, BUT the Son (who is 18) Makes 2800$ per month at a small roofing company while the Mom makes $1700 per month. This seems risky to me because I fear that the Son is so young and can get laid off anytime. What are your thoughts about risks in this scenario?

Should I pass or rent to them for 6 months given that its holiday season and finding good renters is tough. Many thanks for your advice!