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Tenant
Collection Services, Inc
was created for one single purpose and that is to collect owed debt from
delinquent tenants. After reading my personal story you will truly
understand why I am so passionate about this company, and when you call
us to go after your money, you will soon find out your debt is more than
a job IT'S PERSONAL.
Like
millions of landlords in America, buying that first rental property is
probably one of the most difficult decisions that you will ever make.
Reason being there are so many factors out of your control that can
determine profitability or foreclosure. In 1998, I purchased my first
property in Long Island, NY. Within 5 years I owned over one dozen (2-5
units) investment properties in NYC, Miami and Atlanta, with over 65
tenants. Unfortunately, as the number of units increased so did the
delinquent tenants.
I have
probably heard every reason why a tenant is late with their rent from
loss of employment to a death in the family, and like millions of
landlords nationwide, I have always tried to work with my tenants, to
help them get past their difficult time. However, let me be the first to
tell you, it doesn’t matter how much you work with your tenants they
will NEVER appreciate it. In fact, most tenants will interpret your
kindness for weakness. Especially in the cities where the laws are pro
tenant (New York City). In my first few years of being a landlord I got
so frustrated with the housing court system in NYC, that I found it less
stressful and ultimately less expensive to just say leave, at times with
thousands in back rent owed.
My tipping
point came one day when I ran into one of my former delinquent tenant at
a ball game, who just two years earlier had lost his job, going through
a divorce and probably on the brink of suicide. I worked with him for as
long as I could till I realized his debt was getting larger with no end
in sight. At that point I just (pleaded) with him to leave because I
knew the courts would only give him more time. The sad part at the game
all he talked about was how well he was doing, the new condo he
purchased and the new car he is going to buy. Unfortunately, the only
thing going through my mind was (don’t you remember that you owe me
$4,500.00 in back rent). Most disappointing was this tenant never even
acknowledged the debt or even thanked me for working with him for as
long as I did.
That night I
began to calculate all my tenants past & present that have outstanding
rent balances and the total reached over $40,000.00. I almost had a
heart attack. The next day I reached out to 10 Collection Agencies to
see if they can help me go after my former tenants for past due rent. In
every case I realized my business was not the kind they wanted,
especially when most of the debt was over 1 year. At that point I
realized I had no choice but to go after them myself. Fortunately, I was
a full time landlord and had the time and most important the resources
to go after these delinquent tenants (who had NO intentions of ever
paying me back). The key for me was not only finding these tenants but
ultimately taking them to court, and most important receiving judgments
in my favor which in New York is valid for 20 years, with interest.
Therefore, if my ex-tenant doesn’t have the money now they will
definitely pay me later, with interest.
Within months
I began helping family, friends and anyone who had delinquent tenants,
collect on owed rent. I soon realized I was not alone and this is a
problem that will affect every landlord sooner or later. The crazy part
is when talking to other landlords I realized most landlords ignore the
debt from delinquent tenants because they are ashamed or embarrassed
that a tenant was able to get over on them. Well landlords you don't
have to worry no more because I have been in your shoes, the sleepless
nights, the emotional and financial stress, the ongoing lies and false
promises. You don't have to take it any more...
Call Tenant
Collection Services, Inc. today and start the process of bringing your
money back home where it belongs.
START YOUR
CASE

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