Friday, October 23, 2009
Collecting From Your Typical Local Corporate Tenant
Collecting from a local corporate tenant is less troublesome than any other client. However, you will have problems at that owner decides to move to another state. All of a sudden, everything changes. They may be protected by laws in their new state. They may also have nothing of any value for you to collect on. This means that you go to court and do everything that you’re supposed to and still wind up with nothing. If everything goes as planned, you may receive 25 to 50% of your losses. It may be more helpful for you if the tenant files for bankruptcy because you can recoup up to 100% of your losses if they do.