Collections

Credit scores can be confusing, especially for those new to the credit world. Today there are more tools than ever for keeping track of, or helping to improve, credit scores. Websites like Credit Karma offer simulations for how credit changes could impact a credit score. What surprises some is that having more accounts can actually…

Early on in the COVID-19 pandemic, many observers had dire predictions about what would happen with apartment rents. “If you go back to when this started in March, people were thinking by the summer, the situation would implode and rent collections wouldn’t be where they were,” says Evan Blau, a partner at Cassin & Cassin…

While the recent CDC moratorium on evictions requires that tenants sign a declaration under penalty of perjury, detailing why they can’t keep up with rent payments and their efforts to seek assistance, the reality is that many tenants will still falsify their declarations. Even without tenant declarations, or with lawful reasons under the CDC mandate,…

Playing by the rules In some cases, it’s hard to even know exactly what the latest regulations are covering collections and evictions. The regulations can differ not only per state but even in different counties in a state. Some moratoria are set to expire over the summer; in others, they extend over a longer period….

Consumers are motivated to pay their credit card bills and loans on time each month because they know that account will be reported to the credit bureaus and if they pay late their credit score will go down. Most landlords don’t know they too can report on-time and late rent payments on a consumer’s credit…

Owning residential properties and renting them to tenants is a business. However, many landlords are currently struggling. Because of the coronavirus pandemic, many states have suspended evictions and tenants are having a hard time paying rent because of layoffs and reduced hours. However, many landlords have mortgages to pay on those properties. So covering expenses and…

Rarely, if ever, has the United States collectively experienced a crisis like this pandemic, with a wide-ranging impact in all regions and walks of life. Yet at this moment, that’s the challenge we all face, with thousands of Americans affected by the virus itself and millions more experiencing the resulting economic tidal wave of a…

If all goes well after termination of lease and inspection of the apartment, landlords return the tenant’s entire security deposit. However, what happens in the unfortunate event that a renter dies before the lease is up? Can a landlord keep the security deposit? Why Consider Security Deposit Return if a Tenant Dies During the Rental?…

Terminating a tenancy can be a lengthy and complicated process because state laws dictate the steps landlords must take to evict tenants and pursue money for unpaid rent and damages. If you have a tenant who has violated the conditions of the lease, the following information provides a basic overview of the tenant eviction process….

If you’re like many landlords, you may have at least one tenant (maybe more) that left owing you money. Chances are, it was a frustrating and upsetting experience. Their unpaid rent, damages and other monies owed are all listed in documents,gathering dust your file cabinet. It may come as a surprise to you that many…