-- According to the Eviction Lab, landlords filed just over one million eviction notices in 2024 - a marked increase from years prior. This wave of tenant defaults has created urgent demand for specialized recovery solutions that address both residential and commercial rent collection challenges. Southwest Recovery Services has announced a property management collections service designed to help managers recover unpaid amounts from lease defaults and evictions while maintaining compliance with federal and state regulations.
More details can be found at https://www.swrecovery.com/industries/property-management-collections/
Nonpayment remains a top concern for landlords when screening new tenants, reflecting widespread anxiety about cash flow disruptions that can prevent property managers from meeting mortgage obligations and maintenance schedules. Late or missing rent payments create cascading financial strain that affects operational stability and tenant relations, making effective debt recovery necessary for sustainable property management operations.
Southwest Recovery Services, established in 2004, handles both residential and commercial property collections. The company manages all aspects of the recovery process from initial tenant contact through legal proceedings when necessary. More specifically, staff at Southwest Recovery Services manage correspondence, credit bureau reporting, and regulatory compliance so property managers can redirect their attention to core responsibilities.
For residential properties, staff contact current and former tenants to recover unpaid rent. When tenants fail to resolve outstanding balances, staff report delinquent accounts to consumer credit bureaus, ensuring unpaid obligations appear on background checks until resolved.
For commercial collections, Southwest Recovery Services takes into account lease complexity and recent workplace shifts that have prompted some tenants to break agreements early or cease payments altogether. The Mortgage Bankers Association reported that 5.3 percent of commercial mortgage-backed securities loan balances were 30 days or more delinquent during the fourth quarter of 2024, according to its Commercial Real Estate Finance Loan Performance Survey. Staff address these commercial defaults through ethical debt collection practices tailored to the unique terms and durations typical of office and industrial space leases.
The company adheres to federal and state regulations, including the Fair Debt Collection Practices Act, Consumer Financial Protection Bureau guidelines, and Fair Credit Reporting Act. They operate on a contingency basis, receiving payment only when successful recovery occurs.
Property managers interested in learning more about collection services for rent and lease defaults can visit 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/
Release ID: 89177001