Tenant Debtor Tracing 101: How a Professional Tracing Company Can Help You Locate Your Missing Tenants
As a landlord, you have the right to track down tenants who have gone missing in order to recover any unpaid rent and damages. This is an uncomfortable situation to be in but is unfortunately very common. Tenant debtor tracing can be a daunting and time-consuming process, which is why many landlords choose to hire a professional tracing company, like Vilcol, to help them locate their debtors.
If you have a missing tenant who owes you rent, this article outlines the steps you could take to locate debtors and work towards debt recovery. We will discuss what debtor tracing is, how it is conducted, and the advantages of using a professional debtor tracing company to help locate your missing tenants.
What is Tenant Tracing?
Tenant tracing (also called Skip Tracing) is the process of locating debtors who have disappeared without settling their debt or fulfilling their contractual obligations with their landlords. When a tenant absconds or disappears without paying their rent or paying for extensive damages, a landlord may hire a professional debtor tracing service like Vilcol to help track down their missing tenants to reclaim the outstanding monies.
How is Tenant Tracing Conducted?
If you would like to have a go at tracing a tenant yourself, the best place to start would be by contacting known friends and family of your missing tenant. You can also use their current and previous addresses to gather information, as well as last known addresses.
If you are unable to get in touch with anyone that might know where your missing tenant is because you can’t find their contact details or telephone numbers, the tenant tracing process can become more time-consuming and complicated. Sometimes friends and relatives try to hide information from landlords to protect the missing tenant. We see it happen on a regular basis.
You can also try to use databases available online, but depending on the service you find it can become very expensive, or the information you need is locked behind a paywall (which is equally as expensive). This is why we recommend using a professional debt tracing service to conduct your tenant tracing and help you recover any outstanding debts.
A professional debtor tracing company will typically start by gathering as much information as possible about the missing tenant, including their full name, previous addresses, phone numbers, and employment status.
With the use of advanced technology and access to professional databases, tracing specialists can streamline the investigative process and delve deep to learn why tenants may have skipped on paying rent, and to locate the missing tenant.
What are the Benefits of Using a Professional Debtor Tracing Company for Tenant Tracing?
There are many benefits of debtor tracing, and using a professional debtor tracing company offers numerous benefits over trying to locate missing tenants yourself.
Professional tracing companies have access to vast databases that allow them to obtain substantial amounts of information about the missing tenant in a short amount of time. They can quickly cross-check all relevant public records, such as phone directories, credit bureaus, and voter registration databases. This is information you would not have access to without a professional debt tracing service.
We understand that locating missing tenants and recovering debt is a complicated, timely, and sensitive process, and we know you want to locate your missing tenant and recover any debt quickly and efficiently. By using a professional debtor tracing service, you can have peace of mind knowing the debtor tracing process is being handled for you.
Another advantage of hiring professional tracing agents is that our tracing experts are skilled in locating hard-to-find individuals. We have a wealth of experience in tracking down and finding missing tenants, and we know how to use various tracing techniques to locate people despite their attempts to evade detection, like living with parents.
Using a professional debtor tracing company saves you the time and effort of trying to track down missing tenants yourself. The amount of time and energy put into trying to locate a debtor can be considerable, and often this search becomes yet another full-time job on top of already pressing matters related to the management of a property.
By delegating the task to a professional debtor tracing agency, you can focus your energy on more pressing matters, such as managing your property without the added stress of tracing a missing tenant.
Contact Vilcol to trace your absconded tenant! We have the expertise and tools to help you find your tenant who owes you money
Debtor tracing can be a complicated, time-consuming, and challenging task for many landlords. However, by enlisting the services of a professional tracing company, you can quickly and efficiently locate missing tenants, protect your assets, and recover unpaid debts. Before we start any searches, we will also tell you if it is actually worth the effort to trace your tenant. Sometimes, the recovery of funds doesn't make financial sense once legal costs are taken into account. Our team will be totally up-front with you.
At Vilcol, we have the proven expertise and latest technology to locate missing tenants in a timely and cost-effective manner. We’ve worked with hundreds of landlords, as well as many finance companies to recover debt. Working with professional tracing agents is an investment that could save you time, money, and energy in the long run, while allowing them to focus on other important aspects of your property management.