Collection Records Show Many Renters Who are Evicted are Repeat Offenders
Posted by Florida Realty Marketplace on
Collection Records Show Many Renters Who are Evicted are Repeat Offenders
An effective way to predict the behavior of renters is through examining rental-related collection records, according to a new analysis from TransUnion.
According to TransUnion, involuntary turnover (which includes defaults as well as evictions for other reasons) costs property managers about $3,500 per unit in court costs, lost revenue, and other types of expenses.
“Rental evictions and collections records offer a unique, insightful look into a resident’s current record,” said Mike Doherty, SVP of TransUnion's rental screening solutions group. “Rental-related collection records may be timelier than eviction public records—which can take weeks or months to process through…
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