Carrie Smith
Collecting on damages beyond security deposit
What is the time frame to file in small claims court in colorado after landlord has notified tenant they owe more than their damage deposit?
Sean H.
Collecting late payments via Credit Card
I own some rentals in blue collar areas. Some houses are notorious for being occupied for 3 months no issues, then late payments, then partial payments, then no payments, and eviction. They cash flow excellently whe...
Marc Ramsay
To sue or send to collections?
I have a cleint who had me arrange some advertising for him for a RE seminar he put on, then refused to pay the bill. I am being chased by the advertising company because I mistakenly put the contract in my company...
Adam Johnson
Who do you use for collections?
Hi everyone,
We currently have many rentals in the Clarksville, TN. area and for the most part, great tenants. However, over the past 2 years we've had to evict 4 tenants. In all cases, we were awarded judgement by th...
Claude Diamond
Lease Purchase Ultimate collection of Articles
Here is a link for a free 300 Page book of articles I wrote on Lease Purchase contracts-strategies and marketing that I thought you folks would enjoy. http://goo.gl/EIS34PClaude Diamond J.D.
Account Closed
Having an LLC and collecting unemployment
Hi everyone, looking for feedback..I am a union electrician in NJ with 2 rental properties that I may transfer into an LLC (or perhaps a partnership). In the event I get laid off, can I collect unemployment with this ...
Lois S.
Property Management & Payday rent collection
For those of you who use a PM for your class B or C properties -Would your PM be open to setting up payday payment plans for your tenants?Example: Tenant gets paid SSI or other regular income by the 6th of each month....
Michelle Garcia
Separate bank account to collect rent?
Hi all,
I am curious to know what the BP community thinks about opening a separate bank account to collect tenant rent. I currently don't want to start an LLC yet since I am in the beginning stages (haven't purchase...
Will Stewart
What is your typical collections rate?
Just curious what other folks numbers look like; I’ve been tracking mine more closely recently. I own two MHPs in a strong northeast market.57% (in terms of # of units) collected on or before the first
97% by the 7th...
Steven Braden
Accepting applicants who are in collections
What are your best practices for accepting an applicant who has a credit report showing active collections? The credit score meets our criteria 640 or greater, good landlord reference, and income of 3x's the rental r...