Collections

MTCS handles the initial collection phase which includes a door posting, communications and a payment agreement if approved by the Investor. Fee(s) for this phase are outlined in the MTCS agreement.

In the event a payment agreement cannot be reached, MTCS has a working relationship with a process server and collection attorney to facilitate the eviction. Investor is NOT required to use MTCS's preferred vendors and may choose to use any vendor(s) he/she wishes.

The Process:

Investor notifies MTCS that payment has not been received by due date.
Notice is posted on door giving tenant 24 hours to contact MTCS.
With Investor's approval 5 day notice is served.
If no response/move-out from tenant, court date is scheduled for eviction.
If tenant has not vacated the property per the date set by the court writ is filed
MTCS coordinates with constable for on-site evicion/lockout process.

NOTE: MTCS's monthly fee does NOT include "collection" services. See the MTCS agreement for further deatils or contact an MTCS Representative.