I’d bet 90% of landlords will never collect the money they are owed from their tenants.
Unless their tenant wants to stay and willingly pays the rent, they won’t get a red cent from their tenant and have to pay the sheriff, mess cleanup and property damage out of their own pocket.
Why Do Landlords Fail to Collect From Their Deadbeat Tenants?
Most landlords simply don’t have the skills and don’t want to pay someone who does have the skills to collect money the tenant does not willingly want to pay. Most of the time you will need to find the tenant, which is the first hurdle. People who collect rent arrears are able to do these searches quickly and easily. Then they can proceed with all or none of the following steps.
Garnishment of Bank Account
Garnishment of Wages
Seizure and Sale of Personal Property
Seizure and Sale of Land
The Legal Forms
If you had to call a Sheriff to evict your tenant and you want to garnish their wages you will need at least 5 different legal forms and you will need to pay at least $178 fees in costs to the court. The forms are complex and there are many opportunities for errors. Your first time through the process will probably require a number of visits to the court house. If you are lucky a friendly clerk will assist. If you hire a paralegal to fill out your forms, you’re going to pay around $600 plus costs for them to file etc. What if you don’t know where your tenant is? Where they work? Then your tenant will be considered noncollectable. Lots of times it’s a crapshoot, you seize a bank account, you could get $45 or $4500. Recently we seized a bank account and collected the whole $9000 judgement in one fell swoop. That’s rare, but possible.
Assignment of Court Orders
Landlord Rescue assigns court orders and then collects on the monies owed. You donate your court order that you have given up on collecting, to my company, and we work to collect. We do legal enforcement which means we use the legal process to get the money from your tenants. A court judgement can follow that tenant for life, until it is paid. If they inherit money from their Aunty Hazel, you get paid, if they want a car or house, you get paid, if they want to qualify for a loan, you get paid. This is not like minute rice. This is the courts, a long slow grinding like a glacier process of incredible power. Once we collect, we pay the legal fees and split the difference.
Who’s Got Time For That?
Most normal people do not have the skills, the time or the patience to follow the ridiculous amount of steps required. We do. The check I just received was from a court judgement from 2019. We did 3 separate enforcements on that file or roughly $2700.00 in legal fees. Most people would give up long before paying for 3 enforcements. At the end of the day, that client ends up getting money they never thought they would collect.
Assignment is Simple and Hands Off
If all you’re going to do is throw your court order in a drawer or file and complain, you may as well assign it to us. We’ll search for your tenant and garnish and seize what we find. If this is something you want, we have a simple and easy form for you to fill/sign and send us your Order and Tenant Information by email to firstname.lastname@example.org and we’ll get started, you can also call me at 416-880-4126for more explanation about the process.
The bottom line is getting people to do things they want to do is easy, forcing them is a whole other matter, and let’s face it a lot of these folks aren’t exactly co-operating with paying you.