How to Collect Rent from a Tenant that Vanished?

How to Collect Rent from a Tenant that Vanished?

Investor · Broken Arrow, OK · Member since 2016 · 210 posts · 314 votes

So, I've been fortunate over the years and have never had a tenant vanish.  But, this past week, I encountered my first.  Sad thing is there was no warning.  This tenant had paid like clock-work for over a year.  Then, he lost his job and got a month behind in rent.  He was communicating with me and then went radio silent.  Apparently, he moved out of state and did not leave a forwarding address.  So, any suggestions on potentially using a collection agency?  I would go to small claims court except, from what I understand, I have to have a forwarding address?  I would like to figure out a way to have this hit his credit report so other landlords don't have to encounter this with him in future.  Would appreciate any advice or ideas!

0Reply
6 views

Most Popular Reply

Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
7y

waste of your time and energy.. its the cost of doing business..

See this reply in the discussion

8 Replies

Jump to latestLatest
  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    7y

    waste of your time and energy.. its the cost of doing business..

  • Severna Park, MD · Member since 2013 · 7k+ posts · 7k+ votes
    7y

    No you send it to his last address of record , your rental . he should have his mail sent to his new location

  • Rental Property Investor · Erie, PA · Member since 2018 · 6k+ posts · 9k+ votes
    7y

    Agree with jay . Move on ..your money left with the tenant 

  • Investor · Broken Arrow, OK · Member since 2016 · 210 posts · 314 votes
    7y

    What good would sending mail to him be if it is simply forwarded?  How would I be able to get a small claims court to declare a judgment or get a collection agency to collect?

  • Levi T.Pro Member
    Rental Property Investor · Tucson AZ / Nice FR / Washington DC · Member since 2016 · 1k+ posts · 1k+ votes
    7y

    Do the legwork yourself to hunt them down with a skip tracer, summons to court, and go round and round in this process.. or kick it to a collection company for a percent of the amount collected, Hunter Warfield does this, we use them:

    https://www.hunterwarfield.com/

    It can take years for them to get the money. IMO some money is worth more than none. If you don’t want to do the skip trace and court route, or the collections route, just walk away..

  • Investor · Broken Arrow, OK · Member since 2016 · 210 posts · 314 votes
    7y

    Levi, thanks.  I have reached out to Hunter Warfield and will see how they respond.  We are okay if we don't collect much, but our bigger goal is to have a negative rating of the tenant to try to avoid future negative situations for other landlords.

  • Leclaire, IA · Member since 2016 · 161 posts · 130 votes
    7y

    @John Kunick

    If he didn’t trash the unit and his deposit covered the last months rent

    Consider yourself lucky and move on. You will spend too much time, money and energy

    With almost no chance of getting your money.

  • Rental Property Investor · Ankeny, IA · Member since 2017 · 2k+ posts · 3k+ votes
    7y

    @John Kunick

    How much money we talking here? Ask yourself if it’s really worth it. Divide the amount likely to be collected by number of hours to collect it. You’ll probably find you’re making minimum wage for your time.

Join the conversationCreate a free account to reply, vote on answers and follow this thread.