Tenant Collection Services, Inc may be a National Debt Collection Agency that is incorporated in the State of Georgia. The Agency’s sole purpose is to help landlords & property managers nationwide, recover outstanding debt owed by current or former tenants. counting on the stage of the debt, they provide landlords two primary services to increase the likelihood of a full financial recovery.
Debt Collection Services – This service is usually utilized when the tenant is still in the apartment and is currently late with the rent. It also can be utilized if the tenant has skip-out leaving behind owed rent and/or damages to the apartment.
The first step is locating an ex-tenant. this is often accomplished by utilizing the most sophisticated skip-tracing methods available by law, and if necessary using our extensive list of personal investigating partners. most vital we don’t need a social security number to find your ex-tenant. Once a tenant is found we begin to send a series of Rent Demand Letters. additionally to letters we contact the tenant directly via phone and if necessary in person.
We inform them that we were hired by their ex-landlord for owed back rent. In every letter and call we instruct the (debtor / tenant) to contact (you the landlord) to review the quantity that’s owed and most important, determine a payment plan (that goes directly to the landlord). If the tenant remains reluctant to pay the owed rent, we then take the required steps of reporting them to the three credit agencies. (EQUIFAX, EXPERIAN and TRANS UNION)
Once a tenant realize they’re going to be reported to the 3 credit bureaus, which can display a negative collection mark on their credit report, making it extremely difficult to rent again or seek employment, an outsized portion of tenants begin to pay. Unfortunately, you’ll still have tenants that refuse to pay. At now we initiate our final step.
If the tenant is current living within the apartment we can refer the landlord to one of our many affiliate landlord-tenant lawyers or they can use their own to commence the eviction process and most important seek a money judgment from landlord-tenant court.
If the tenant has skipped out, we’ll assist in the preparation of your local small claims court paperwork and have it ready for you to file. This part is extremely critical for the landlord because once the landlord receives a court judgment in their favor (which can be valid for 20 years, with interest). we will now implement our second service.
Court Judgment Recovery – Once the owner or property managers receives a court judgment, Tenant Collection Service will use every legal method at our disposal to recover the complete amount of the unpaid judgment plus any interest that the judgment has accrued since it was issued. we’ll track the judgment debtor down even if he or she has moved to another state.
We’ve access to both private and public databases that allows us to ‘skip-trace’ the debtor and to locate any assets that he or she may have. As allowed by state law, we’ll garnish wages, freeze bank accounts, seize assets and if applicable place liens on land property. most vital we will do so without any notification or confrontation. In short, we’ll enforce your judgment, and convey your money back home.