Do-it-Yourself Tenant Debt Collection

by Chris on May 31, 2010

Outstanding tenant accounts are a heavy drain on a rental property business.

Because there is a degree of uncertainty as to whether a debt can be collected, debt collection agencies typically adjust their fees accordingly, and take a large percentage of what they collect.

There is another option.

TVS has teamed up with Fidelity Information Corporation, a collection agency specializing in tenant debts to help landlords collect debts directly from tenants without paying a contingency fee.

This service is essentially an online, self-service collection agency, where landlords supply the information, and Fidelity sends out collection notices to delinquent tenants. The notices come from a bona fide collection agency, which often prompts the tenant to pay right away. The landlord pays only a low fee for the cost of the letter, and is free to keep any money collected.

If you would like to give it a try, visit Collect Tenant Debts, and select Option 2.

This post is provided by Tenant Verification Services, Inc., helping landlords reduce the risks of renting with fraud prevention tools that include Tenant Screening, Tenant Background Checks, (U.S. and Canada), as well as Criminal Background Checks, and Eviction Reports (U.S. only).  

Click Here to Receive Landlord Credit Reports.

Disclaimer: The information provided in this post in not intended to be construed as legal advice, nor should it be considered a substitute for obtaining individual legal counsel or consulting your local, state, federal or provincial tenancy laws.

{ 4 comments… read them below or add one }

Brandy June 15, 2010 at 1:14 pm

That sounds great Marv ! Unfortunately, I think we may need this service very soon after we return home.

Randy June 17, 2010 at 4:06 pm

Is this service available to tenants that have ex-landlords owing them money? Sounds like an ideal service for me and might help me avoid small claims court.

Heidi November 6, 2012 at 7:30 am

I am looking for a similar service that is available in Canada. Any suggestions?

don McInnes September 10, 2014 at 5:03 am

Is there a similar service in Canada?

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