Welcome to the BYL Collections blog


 

How to Collect From Slow-Paying Customers

There could be any number of legitimate reasons your customers aren't paying their bills on time. They may not have received the bill. They could be dealing with an overwhelming amount of debt and shame. Or they may be in the habit of paying after...

When To Invest in Property Management Software

Property managers and landlords are continually barraged with things to do. From filling properties with quality tenants, to managing those tenants and properties, to collecting from late-paying tenants, there has to be a way to manage ALL THE...

Collect more with consumer-friendly payment options

Collecting payments on time from your customers is definitely good for business. While this statement seems obvious, there are far too many businesses that don't make the process easy or consumer-friendly. With e-commerce, you may find customers...

How Rental Applications Affect Debt Collections

As a landlord or property manager, you qualify applicants to place good tenants who will pay rent on time. Sometimes, tenants fall on hard times or otherwise skip out on their obligations. When it's time to send a tenant account to debt...

5 Things Landlords Need to Know

Considering turning your home into a rental property? Thinking about investing in or converting your property into student or on-campus housing? Successful landlords understand that they are running a business, learn to manage what they can, and...

Permissible Purpose to Obtain a Credit Report Under the FCRA

 

A recent court case between a landlord and tenant prompts an interesting discussion. In the lawsuit, the tenant admitted to defaulting on the lease. The debt was then sent to a debt collections company to recover the account. The debt collections...

Understanding Millennials and Debt

Creditors and businesses marketing to millennials need to understand that their relationship with cash, credit and debt is drastically different than boomers or generation X. The millennial generation went to high school or otherwise entered the...

How Rent Collection Varies by Conventional Housing vs. Student Housing

If you're considering investing in real estate and live within the vicinity of a college campus, you may choose to become a property manager of student housing. National Real Estate Investor reported that student housing continues to outperform the...

Tax Refunds Provide an Opportunity for Customers to Pay Down Debt

With credit card debt in America inching closer to $1 trillion, more consumers than ever are facing low or falling credit scores. For some, tax season means the possibility of a tax refund. While it's tempting for consumers to consider all the ways...

Property Manager’s Guide to Hiring a Debt Collection Agency

Property managers and landlords would probably admit that the worst part of the job is collecting past due rent. Some property managers give up too soon believing that it's hopeless to try to collect. In fact, there are many options to pursue,...