Seven Vital Tips to Help Collect Tenant Debt – Part Seven of Seven
Seven Vital Tips To Help You Collect Your Tenant Debt – Part Seven of our Seven Part Series
by Bill Gray, Fidelity Information Corporation
Take advice from someone who knows the tenant debt collection business:
Your debt recovery may depend on what you do before the tenant moves in!
Get the right information from your prospect before they move in, and you will always increase your chances for debt recovery on the back end.
TIP NUMBER SEVEN
Signed Move-In Statement. Congratulations, you found a new tenant! No need to walk through the unit – we’re all friends here, right? Wrong! For both your and your new tenant’s protection do a tenant screening report on them. Also walk through the unit with them before they move in. Make accurate and legible notes about the condition of the unit. “I wish I had a nickel for every debtor who says the apartment was cleaner when he moved out that when he moved in.” A signed Move-In Statement can prove him wrong.
Miss the other tips in our series?
Click here for TIP ONE
Click here for TIP TWO
Click here for TIP THREE
Click here for TIP FOUR
Click here for TIP FIVE
Click here for TIP SIX
In need of tenant debt collection? Call 303-938-8280 or send an email to [email protected]. Write the word COLLECTION in the subject line.
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Premium Plus members also receive a copy of Real Estate Investment Secrets, twelve interviews with industry leaders, including “How to Collect Debts When Your Tenant Leaves Owing You Money”. To find out how to purchase Real Estate Investment Secrets, visit www.aaoa.com.
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