Finally there’s a company to help landlords & property managers recover owed rent from delinquent tenants.
Tenant Collection Services, Inc is a National Debt Collection Agency that is incorporated in the State of Georgia. The Agency's sole purpose is to assist landlords & property managers nationwide, recover outstanding debt owed by current or former tenants. Depending on the stage of the debt, they offer landlords two primary services to increase the likelihood of a full financial recovery.
Debt Collection Services – This service is typically utilized when the tenant is still in the apartment and is currently late with the rent. It can also 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 accomplished by utilizing the most sophisticated skip-tracing methods available by law, and if necessary using our extensive list of private investigating partners. Most important we don’t need a social security number to find your ex-tenant. Once a tenant is located we begin to send a series of Rent Demand Letters. In addition 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 amount that's owed and most important, work out a payment plan (that goes directly to the landlord). If the tenant is still reluctant to pay the owed rent, we then take the necessary steps of reporting them to the three credit agencies. (EQUIFAX, EXPERIAN and TRANS UNION)
Once a tenant realize they will be reported to the 3 credit bureaus, which will display a negative collection mark on their credit report, making it extremely difficult to rent again or seek employment, a large portion of tenants begin to pay. Unfortunately, you may still have tenants that refuse to pay. At this point we initiate our final step.
If the tenant is current living in 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 will assist in the preparation of your local small claims court paperwork and have it ready for you to file. This part is very 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 can now implement our second service.
Court Judgment Recovery - Once the landlord or property managers receives a court judgment, Tenant Collection Service will use every legal method at our disposal to recover the full amount of the unpaid judgment plus any interest that the judgment has accrued since it was issued. We will track the judgment debtor down even if he or she has moved to another state. We have 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 will garnish wages, freeze bank accounts, seize assets and if applicable place liens on real estate property. Most important we will do so without any notification or confrontation. In short, we will enforce your judgment, and bring your money back home.
Call for a Toll Free Consultation. 888-41TENANT or (888-418-3626).