I mailed out letters to my tenants who are on the road to auction. I hate these letters for many reasons but the top reason is the attitude I get from many of the customers. Now please understand I have 90% of my tenants are great people fun to visit with and never give me any problem, what I get from the bottom 10% is this look of disgust as they walk into the office as if I was the problem. I have even had customers tell me “why are you threatening me with these ugly, mean letters. You know I always come in and pay my bill”. What are they thinking the account is over 120 days late and they have not responded to my letters, or phone calls, yet I am supposed to psychically know what day they are going to pay! Most likely they will also want me to waive the fees. Man I wish I was golfing.
Here is what is actually coming my way. Out of the six letters I sent two will pay up quickly one will make a fight out of it and I will get 90% of what they owe, but only after I cut their lock. The other two will end up in the auction and one of those two spaces will look like this.
I stared with just over 20 units going to auction three weeks ago and this is what I am down to. When I get the rest of the units filled I will probably get a better sized auction going, but with just over 200 units rented I should be happy with 2 to 3 units every 6 months.
I should start hearing back from my letter as early as tomorrow.
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