AAOA Blog

Seven Vital Tips To Help You Collect Your Tenant Debt – Part Three of our Seven Part Series

by Bill Gray, Fidelity Information Corporation

Take advice from someone who knows the tenant debt collection business:  Your debt recovery may depend on what you do before the tenant moves in!

Get the right information from your prospect before they move in, and you will always increase your debt recovery on the back end.

TIP NUMBER THREE

Bank Accounts!

Make a photocopy of a prospect’s check, and the rent check every month. 

• That way, you will have the right information for recovery, and you may discover a secondary bank account or other changes crucial to collection. 
• If this person skips owing money, a record of their current back account numbers can spell the difference between successful collection and no collection at all.

Miss the other tips in our series?

Click here for TIP ONE  

Click here for TIP TWO

Come back soon for more from Bill Gray - we will be adding a new tip every week.

If you would like to be notified of new tips, please subscribe to our blog by clicking the box in the upper right side of the site.

In need of debt collection? Call 303–938-8280 or send an email to collection@joinaaoa.org.  Write the word “COLLECTION” in the subject line. 

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Tags: tenant+debt+collection, bad+rent+collection, american+apartment+owners+association

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