- Shows on tenants’ credit for 7 years warning other landlords.
- Possibility of collecting some of the rent. The collection company takes a share of recovered funds.
- Requires the tenants’ application, first page of lease, page where Security deposit is noted, page where lease holder(s) and landlord signs, pet agreement if deposit was paid (if applicable as this is deducted from monies owed), and tax id numbers for the adult tenants.
- Once the file is sent to collection, we have no further correspondence with the debt collector unless they remit funds due the owner.