If you’re struggling to collect rent from your tenants, you’re not alone. It can be a difficult and frustrating process, especially if you’re dealing with late payments or unpaid invoices.
If you’re struggling to collect rent from your tenants, you’re not alone. It can be a difficult and frustrating process, especially if you’re dealing with late payments or unpaid invoices.
There are a few things you can do to try and collect rent arrears, but it’s important to remember that debt collection is a legal process.
How we Collect Rent Arrears
We can deal with overdue rent payments in the following way:
Serve Reminder Notice
This is a face-to-face formal notice that reminds the tenant of their outstanding balance and the date that payment is due. This is all recorded on body cam and documented for the landlords case. It’s important for us to do this in a safe and secure manner for everyones safety.
Speak to the Tenant
Sometimes a friendly reminder is all it takes to get a tenant to pay their outstanding balance. If you have a good relationship with the tenant, try speaking to them about their late payments and see if you can come up with fast, secure payment.
Debt Collection Services
Hiring a debt collector may be the best course of action if you are struggling to collect debt. Debt collectors are professionals who are skilled in the art of negotiation and often have access to resources that you may not have, such as databases of contact information for hard-to-reach debtors.
Commercial Debt
Commercial debt recovery is the process of recovering money that is owed by a business. This can be done through a variety of methods, including negotiation, mediation, and litigation. Commercial debt recovery can be a complex and time-consuming process. That’s where we help.
Rent Arrears Collection Services
- Debt collection
- Unpaid invoices
- Late payments
- Unpaid rent
- Debt collector
- Legal action
- Eviction
Unpaid Rent Recovered
Unpaid rent is a growing issue for landlords and letting agents across the Ireland. As more and more people fall behind on their rent, the problem is only getting worse.
Despite this, there are still many landlords who are reluctant to use debt collection services.
They may be worried about the cost, or they may not be sure that the process is legal.
However, using a debt collection service can actually save you money in the long run. Not only will you get your rent back sooner, but you will also avoid the added costs of eviction proceedings.
We understand the stress and anxiety that unpaid rent can cause. That’s why we offer a free initial consultation to all our clients.
We will listen to your situation and give you honest advice about the best way to recover your rent. We also have a team of experienced case handlers who are dedicated to each and every one of our clients.
This means that you can rest assured knowing that your case is in safe hands. So if you’re struggling to recover unpaid rent, don’t hesitate you can contact our property management support team directly at landlords@lockenforcements.ie
Irish Government Rent Guidelines
The Irish government has announced that it will be taking steps to recover unpaid rent from tenants. The new measures, which will come into effect from next month, will require tenants to provide proof of their income and assets before they can sign a lease.
In addition, landlords will be required to submit proof of their rental income and expenses to the government.
The move comes after a report from the National Development Finance Agency (NDFA) found that unpaid rent was costing the Irish economy €1.5 billion per year.
The NDFA estimates that up to 30% of all tenant households in Ireland are in arrears on their rent.
The new measures are designed to ensure that tenants are able to meet their obligations, and to protect landlords from loss of income.