"The nature of tenant debt collection is very different than collecting other types of debts," explains Jeff Cronrod with FIC, an expert in collecting tenant debt. "With other types of debt, time is of the essence. You have a better chance of collecting a medical debt, for instance, if you collect it right away. The opposite is true of tenant debt. You will be far more successful if you wait it out until the tenant is back on his feet."
"But often landlords don't understand the value of their old debt files," Jeff continues
From our series Real Estate Investment Secrets. Read more How to Collect Tenant Debts.
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