Debt Collection

Do You Have a Former Tenant Who Left Owing You Money?

Announcing … AOA’s New and Improved Debt Collection Service!

(COVID rent debt included!) AOA has partnered with a debt collection agency that boasts one of the highest success rates in the industry. While their success rate consistently beats national averages, please understand that they may not collect from every debtor. However, the mark on the debtor’s credit report remains visible for other owners to see.

debt collection

Here’s How it Works

No Court Judgment is Required! All you need to do is provide the necessary information about your delinquent ex-tenant, all relevant leasing documents, other supporting documents, along with a final accounting statement to establish your debt claim through our specialized third-party rental debt collection agency. Once your claim is accepted, you enter into a contract with the collections agency, who will give you 60% of first placement accounts and 50% of pre-legal/litigation accounts.

Hold Renters Accountable Through the Credit Bureaus! The collection agency will also report your delinquent ex-tenant to Experian, TransUnion, and Equifax. By holding your former tenant accountable, you help create an awareness for your former tenant and other renters. Don’t you wish you knew before you gave them the keys to one of your units? If it’s on their record, at least other owners won’t have to go through what you went through!

Different Approach from Other Agencies

As we interviewed many different collection agencies, we came to understand that many collection agencies hold active and inactive accounts. These companies decide to only pursue certain accounts that they determine are more collectable. Our debt collection partner commits to working on every account until the debtor pays or until there is a lawful reason to stop, such as the debtor’s death or bankruptcy. 

Get Started with the Debt Collection Service Today!

For a limited time, each submission is only one dollar! Previously, AOA charged $11.95 per submission. To get started with the Debt Collection Service, log into your member account and navigate to the “Debt Collections” tab that is nested under the “Resources” tab. You will find more information about the service and which specific documents are needed to turn your delinquent ex-tenant over to the collection agency.