With our FLAT FEE collection service we provide several steps, all with the goal of recovering your owed debt in full.
Our first step is locating your tenant. This can also be accomplished without a valid social security number. We will even contact your current tenants that have fallen behind on their rent.
Once your tenant(s) is located we begin to send a series of Rent Demand Letters. We inform your tenant(s) that we were hired by their ex-landlord for owed back rent. In every letter and call we instruct the (tenant) to contact (you the landlord) to review the amount that's owed and most important work out a payment plan that goes directly to you (the landlord).
If the tenant(s) is reluctant to pay the owed rent, we then take the necessary steps of reporting them to the three credit bureaus (EQUIFAX, EXPERIAN and TRANS UNION), which will remain on their credit report for a period of 7 years. Now when a landlord pulls their credit report, they will see that this tenant(s) owes their previous landlord money.
If necessary we will then assist in the paperwork for small claims court. This part is very critical for the landlord because once you receive a court judgment in your favor (which can be valid for 20 years in some states, with interest) you now have the legal authority to garnish wages, levy bank accounts, seize assets and if applicable place liens on real estate property.
Once you are awarded a money judgment in small claims court, Tenant Collection Services will conduct a FREE background search on your tenant(s) financial records to identify any bankruptcies, liens, judgments, current employer, bank accounts or assets they may have, to satisfy the money judgment.
Our one time FLAT FEE charge for Independent landlords is $100.00. This covers the (primary and co-tenant) of the rental unit.
*If you are a Licensed Property Management company with 25 or more rental units, please contact us directly for Property Manager rates.
To speak with a representative call us toll free
888-41TENANT OR (888-418-3626)
Atlanta 770-659-2883
9am-6pm (EST) Monday - Friday
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