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Bill Gray
Real Estate Consultant |
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In my own words...
I help landlords screen new tenants and collect debt from previous tenants.
Real Estate Experience
My name is Bill Gray. Since 1997 I have assisted landlords and property management companies nationwide in addressing the issue of tenant debt. Tenant debt is normally incurred when a tenant moves out and owes a balance. I have personally reviewed over 70,000 such cases where tenants owe payment to their landlords. The combined value of these accounts is in excess of $200 million dollars. I'm sure you'll agree that that's a significant sum, by any measure.
Along with hundreds of independent landlords nationwide, I have assisted property management companies such as Lincoln Property Management, Riverstone Residential, JMG Realty, ZOM Living, Post Properties, Rockrose Development, Manhattan Skyline, Blue Rock Partners, and many others.
I am a board member of the American Apartment Owners Association and sit on the executive committee of the Florida Landlord Network. I spend my days communicating with landlords by phone, email, or in person. I also speak to groups of landlords across the country about how to best address their specific issues.
As in most industries, unpaid debt is simply a part of doing business. But excessive or uncollected tenant debt may be a symptom of a larger critical issue or oversight. Landlords and management companies turn to me for advice on how to best collect their unpaid debt. Many also ask for advice on how to minimize the amount of debt they incur. Either or both scenarios will increase your profit!
A lot of information is available regarding purchasing and leasing rental property. However, there is little, if any, information about the issue of tenant debt. In my blog I will address how to best collect the debt you have in your desk drawer and also teach you how to minimize the accrual of future debt.
I do not consider myself either a landlord or tenant advocate. I am an advocate of good, legal, and fair business practices by the residential housing industry. I strongly believe people should pay their bills. In my posts you will hear again and again that regardless of the number of units you rent, at the end of the day you are running a business. To make your business as profitable as possible, you must apply sound, consistent business practices.
I should also tell you that I am not an attorney and do not give legal advice. With ever-changing federal, state, and local laws that are further complicated by case laws, it would be impossible to stay current. Your most valuable asset for legal advice is a good local landlord/tenant attorney. Ask around and hire the best one you can find. You will quickly realize that this is money well spent.
I am available to assist landlords individually or in groups. Contact me at: bill@thelandlorddoctor.com
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