How to collect the most on SODAS with large due property balances


The business I work at regularly has large due to property balances because of tenants breaking their lease or damaging the property.

The ultimate result is that we end up absorbing these costs and the former tenant is reported to the credit bureaus.

Is this the industry norm? Is this the only way? Has anyone attempted selling these balances or had consistent success in mitigating losses from damages and broken leases?

I appreciate anyone's advice on this issue.

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