Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago on . Most recent reply presented by

User Stats

431
Posts
340
Votes
Sheryl Sitman
  • Rental Property Investor
  • Philadelphia, PA
340
Votes |
431
Posts

collection Agency Recommendations

Sheryl Sitman
  • Rental Property Investor
  • Philadelphia, PA
Posted

First experience with someone not paying for services I provided. Any recommendations for a one time collection agency? I know they will take a significant portion of what is owed but seems to be the most straightforward way to try to get the money and presumably the client cares about their credit. 

Most Popular Reply

User Stats

1,040
Posts
729
Votes
Christopher Smith
  • Investor
  • brentwood, CA
729
Votes |
1,040
Posts
Christopher Smith
  • Investor
  • brentwood, CA
Replied

I obviously don't know your fact pattern, but unless the amount is really significant attempting to collect from deadbeats (with or without an agency) is pretty futile. It's usually not worth the time and resources invested.

The one time I used an agency they did little to nothing to actually make a recovery. I've only had two or three delinquencies in 20 years so others may have had more experience, but I would be surprised if many have had much success even with a collection agency.

Loading replies...