Southwest Recovery Services announces debt collection services for property managers handling defaulted rent and broken leases.
-- Southwest Recovery Services (SWRS) has announced new services to assist small to medium-sized property management companies who may experience major barriers when pursuing debts in-house. The company reports recovery rates of 30-40%, compared to the industry standard of 15-30%, addressing a challenge facing property managers nationwide: converting unpaid obligations into recovered revenue while maintaining regulatory compliance and reducing administrative burden.
More details can be found at https://www.swrecovery.com/industries/property-management-collections/
According to the 2018 National Apartment Association Income and Expense Survey, tenant delinquencies continue to strain property management operations; U.S. apartment units lose an average of $92 annually to collections. While statistically a small value, this number compounds for larger buildings with dozens or hundreds of units, and may significantly affect small property management companies.
As the recent announcement from SWRS explains, the firm assists in the pursuit of these delinquent payments, drawing on 20 years of experience to handle all aspects of the collection process for both residential and commercial properties. For residential accounts, SWRS can recover balances stemming from evictions, lease violations, and property damage.
Additional commercial services address the complexities of business-to-business lease agreements and high-value claims that require specialized legal expertise. The company's recovery performance exceeds typical agency results, which range between 15% and 30% nationally, offering property managers a stronger return on delinquent accounts.
Credit bureau reporting serves as a central mechanism in SWRS's approach. Unpaid leases and evictions are documented through consumer reporting agencies, which incentivizes payment by affecting tenant credit profiles and provides future landlords with screening information. The approach also creates accountability that extends beyond individual property relationships.
SWRS operates in full compliance with federal and state regulations governing debt collection, including the Fair Debt Collection Practices Act (FDCPA), Consumer Financial Protection Bureau (CFPB) standards, Fair Credit Reporting Act (FCRA), and Health Insurance Portability and Accountability Act (HIPAA) where applicable to healthcare-related debt collection. With offices across Texas, Oklahoma, Missouri, Ohio, Florida, and Georgia, the company maintains expertise in varying state-level legal requirements.
Property managers interested in customized collection strategies or seeking to recover outstanding balances can contact SWRS directly or request a consultation through the company's online platform. Additional information is available at https://www.swrecovery.com/
Contact Info:
Name: Steven Dietz
Email: Send Email
Organization: Southwest Recovery Services
Address: 16200 Addison Road Suite 260 , Addison, Texas 75001, United States
Website: https://www.swrecovery.com/
Source: PressCable
Release ID: 89178334
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