RentRecoveryService, the largest and most aggressive landlord collection agency in the country. There are no advance fees or costs associated with our contingency based service.
OK * I'm going to give 10 of my oldest/stalest tenant judgements to Rent Recovery Service * www.rentrecoveryservice.com * I won't have to pay any $$$ and hopefully they will get some bucks for my clients.
I already have the court judgements and have recorded them locally. I have verified that my public lien/judgement is noted on their credit report and since many have left the area, I'm hoping the collection agency will get their attention as well as some $$$ .
My lease allows for an 18% interest on the judgement amount which the court has awarded in many of the judgements AND my lease has a $250 fee for me to file a "release/satisfaction" so between the interest and release fee - my owners should get a large part of the judgement awarded when funds are collected....
Wallace S. Gibson, CPM * GIBSON MANAGEMENT GROUP, Ltd.
View our available rental homes online with photos and floor plans
"...to be a Virginian, either by Birth, Marriage, Adoption, or even on one's Mother's side, is an Introduction to any State in the Union, a Passport to any Foreign Country, and a Benediction from the Almighty God...." Anonymous
Wallace, you know, we used to try and collect on delinquents in the past, and were not successful with one exception of a tenant who had his father as a co-signer. The collection agency we used only gave us pennies while they pocketed the most.
I like your 18% judgement interest AND the $250 release fee! Have you been successful in the past on any of these?
Diane - since I have already recorded the judgements, if they don't pay ME the $250 I don't release the judgement and mark it as satisfied.
I'm sending in accounts that I already have judgements for and I suspect some money will come in with more routine, systematic collection procedures..