Re: worth trying to get money from bad tenant? - Posted by Jennifer(NH)
Posted by Jennifer(NH) on January 28, 1999 at 12:33:22:
Before you can file a 1099 form you have go secure a judgement against the deadbeat tenant. That requires locating where they live, spending an additional $25-35 to file for a court appearance and then waiting another 30 days to see if they respond. If they respond you go to court, if they don’t respond it may be a default judgement in your favor. If when the court sends a certified letter and the person ignores this I am not sure what happens there.
You maybe better off paying Landlord Connection $25. They pass the information along to Experien. Experien (sp?) sends out some threatening letters and if they don’t pay, Experion marks their credit report.
Also, I’m told that because you filed a 1099 this doesn’t necessarily mean that you can deduct the forgiven debt from your own taxes.
Good Luck, John. Hopefully you make out better than I have.