Luxury rental properties sit at the high end of the residential market, and the collection partner you choose for them needs to operate at that level too.

Student housing is one of the most distinctive segments in all of multifamily real estate, and the rent recovery challenges that come with it are unlike anything in conventional apartment management. The tenants are young, often with no credit history, frequently reliant on parental guarantors, and highly mobile.

Utah is one of the more landlord-friendly states in the country when it comes to eviction, with a fast three-day notice for nonpayment, an extremely short tenant response window, and a notable feature that few other states share: the ability for a landlord to recover treble (triple) damages from a tenant found guilty of unlawful detainer.

You can ignore a collection agency, in the sense that no law requires you to answer the phone or respond to a letter. But ignoring a collection agency does not make the debt disappear, and in most cases it makes your situation worse, not better.

Madison Property Management, Inc. (MPM) is one of the most established property management companies in the Greater Madison, Wisconsin area, and its approach to rent collection reflects three decades of operating in a market with a distinctive feature: a heavy concentration of student housing tied to the University of Wisconsin.

Short answer: yes, but not in the way most people assume, and not immediately. Unpaid rent does not flow automatically to your credit report the way a missed credit card payment does.