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Jay Harris1 Posts
An attorney in the Washington, D.C. area, Jay Harris is vice president of FCO. He has more than 20 years of experience advising property management firms across the U.S. on operating best practices. They can be reached at jharris@fco.com.
Raising Receivables Recovery
FCO’s 10 debt collection best practices for rental property managers Even in today’s healthy economy, the residential rent receivables that are written off as uncollectible remain at high levels. According to the National Apartment Association’s 2019 Income and Expense Survey, rents and damages sent for collections range from $79 to $103 per unit per year—or 0.5%-0.8% of Gross Potential Rent, depending on property type. Renters’ debt disputes are more complex
