WHAT HAPPENS WHEN THE TENANT MOVES ON, BUT THE DEBT STAYS BEHIND It’s a scenario nearly every landlord has faced: the tenant moves out, but unpaid rent is left behind. You’re stuck with debt, frustration, and very few options. THE HIDDEN COSTS
Overall, landlords lose 9.1% of rent due
at move out On average, tenants owe 1.25 months of rent
Collection agencies charge 30 to 50%
WHERE TRADITIONAL OPTIONS COME UP SHORT Small claims courts cost time and money Debt collectors take significant commissions Landlords often end up empty-handed
But that’s starting to change. Thanks to new technology built specifically for landlords. Landlords now have the power to report unpaid rent from former tenants directly to the credit bureaus, no court order required, with just a one-time flat fee. And the debt remains on the tenant’s credit report for up to seven years.
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