Rent Recovery Post Move Out Video Series
ACCOUNTS RECEIVABLE NOT COLLECTIONS
Collections is a natural extension of your property management business
Anatomy of post move collections
Our experience with post move out collections
6 Stages managers go through on this subject. What are your options for collecting post move out balances?
What makes Rent Recovery better than traditional debt collection? How can you succeed when others don’t?
Who we are … What we do .. meet the team
I Can do this myself
I have a great lawyer doing this for me
I don’t want my staff talking to past tenants.
How to get started
Who is attorney Monica Gilroy?
Charestics of Consumer Debt Collection
Most of the money belongs to the owner
How do I get them to release it to me?
You must work with tenants that value their credit
“I’m already tied to a traditional debt collection company”
How much is available to pursue? (three distinct buckets of money to chase)
How far back can I go?
Post Move out revenue will improve your sale price
We will MAKE YOU more than we COST YOU
When is 50% more than 60%
Who to pursue first
How to get started
You can’t add your costs of collection to the amount they owe
Success makes your company worth more upon sale.
Co-signers … beefing up your success with collections
How successful will you be
You must have the ability to effect their credit score
You must rent to those who value their credit
The most common pushback from tenants
Why is this a marathon
We’ll teach you how to be successful at collecting balances
Who we will partner with?
Myth 69 “My state law won’t let me affect someones credit
Just because you say it doesn’t make it true .. Adhesion contracts
How far back can I go
There is often some Cleaning Up of your files
Post sign up series AFTER NDA
Seven stages of collections
How can we file a legal action in other states
Why does the manager have to attend the court action?
Getting the owner to release the balance to you
More to come