Being a landlord is easy money, right? Not always.
Sometimes tenants simply won’t pay what they owe. Then come court hearings and evictions. Often the tenant skips town, owing thousands of dollars. What next?
If you file for a money judgment against the tenants, how do you go about actually finding the delinquent tenants when they’ve disappeared into the woodwork?
Enter skip tracing. It might sound like “Dick Tracy” by coincidence, but it actually does bear resemblance to the comic book detective (minus the block-like jaw).
Skip tracing is a relatively new name for an old concept. The term isn’t found in Merriam-Webster, for example, but is in Wikipedia. Skip tracing simply means finding a disappeared delinquent (the “skip”) by tracing their movements and locating them. Sure enough, its roots are in the expression “to skip town,” which implies that someone left without a trace, usually because he or she doesn’t wish to be found. Like, for example, a tenant who didn’t bother to pay their rent or owes you money for damages.