To give you a bit of background, I know very little about bookkeeping beyond managing my budget for the last three decades (ugh), so this is all pretty new to me.Here’s my current setup:I’ve had a property management company using AppFolio to handle the heavy lifting – rent collection, owner distributions, expenses, and the whole shebang.

The tenant didn’t pay last two months of rent and we have put him on collections.

Interested in how others have collected, whether to use a lawyer or a debt collection firm.

You may advertise, show, and collect rents, but nothing else.

How old is the collection?

Both are great and handle tenant messages, rent collecting, reports, track expenses, and so much more!

But, if you have clear evidence that fraud was committed, you may have legal action against GP, but this is typically hard to prove, and likely going to be costly for you to pursue, and if the deal is already failing, there likely isn't much of anything left to collect anyways.

If Borrower fails to pay these sums prior to, or upon, the expiration of this period, Lender may invoke any remedies permitted by this Security Instrument without further notice or demand on Borrower and will be entitled to collect all expenses incurred in pursuing such remedies, including, but not limited to: (a) reasonable attorneys’ fees and costs; (b) property inspection and valuation fees; and (c) other fees incurred to protect Lender’s Interest in the Property and/or rights under this Security Instrument

What if they have collections or judgments?

We have 15 rentals and have been using Buildium for 8 years for tenant communications, collecting rent, and leasing.