Bad debt
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Search complete. 82 mentions across 12 episodes found for "Bad debt".
Sep 9, 2026
Edward CohenHOST
Fraud toolkits, fake pay stubs, fabricated bank statements, and synthetic Social Security numbers are being sold openly on social media, and most standard screening tools are catching only 85 to 90% of consumer-grade fraud and even less against professional-grade forgeries.
Edward CohenHOST
The result shows up in bad debt files, evictions, lost NOI, and residents who were never who they said they were.
Edward CohenHOST
We do have, in fact, the perfect guest to talk about this, Jamie Borodin, CEO of DocuVerus.
Edward CohenHOST
Hi, Jamie.
7 MINS LATER
Edward CohenHOST
Right.
Edward CohenHOST
And there's also so much to review at this point, right? And it's at leasing or at application is, is the only point where these things can be surfaced and stopped.
Edward CohenHOST
Once a bad apple is in, it generates bad debt and can spoil the building sack.
Jamie BorodinGUEST
100%.
Marcus CriglerHOST
Until you can get yourself in a situation to where you're in the right cash position, you've got the right cash reserves, you've got your taxes paid, and you don't have any bad debt, you do not need to be investing.
Marcus CriglerHOST
You need to be taking care of those things first and then taking care of growing your net worth.
Marcus CriglerHOST
And if you do that in that order, you will compound that net worth.
5 MINS LATER
Marcus CriglerHOST
And then once we have that taken care of, we want to make sure we have our additional reserves squared away, right? So we talked about having an additional 10% reserves if you have a bunch of debt on your balance sheet.
Marcus CriglerHOST
We'll make sure those reserves are taken care of in addition to the six months of reserves.
Marcus CriglerHOST
And then lastly, no bad debt.
Marcus CriglerHOST
We'll talk about this in the debt section and the risk management section, but no bad debt.
Marcus CriglerHOST
And by the way, this goes across both personal and business.
Hunt DemarestHOST
Chris Cotton, a friend of the program, a friend of mine, and the host of the weekly Blitz podcast, also on this network, texted me the other day and asked me about this.
Hunt DemarestHOST
Chris texted me the other day asking me how to handle bad debt.
Hunt DemarestHOST
I'm a terrible texter.
Hunt DemarestHOST
And so instead of responding with some long-winded text, which as of right now, he still has not received, you are going to get this, Chris.
Hunt DemarestHOST
So he said, Hunt, can you do a podcast? See, I'm not making it up.
Hunt DemarestHOST
People are asking for this stuff.
Hunt DemarestHOST
Or give me a quick overview on writing off bad debt.
Hunt DemarestHOST
where that goes, how it should be recorded, what really happens to it.
Rob BlackHOST
And I always have to assume that one thing could happen, and that stops me from ever being too speculative.
Rob BlackHOST
So there's good debt versus bad debt.
Rob BlackHOST
I wrote this in one of my books.
Rob BlackHOST
There's no universal definition of good debt.
Rob BlackHOST
So that's the difference between me and if you ever hear some financial people, they release books and they basically pay to publish them.
Rob BlackHOST
That's not really being paid.
Rob BlackHOST
That's not really bad, but you know what I'm saying? So good debt versus bad debt.
Rob BlackHOST
There's no universal definition of good debt.
Rebecca ChaseHOST
You said good debt
Melanie GoodhueGUEST
and bad debt.
Melanie GoodhueGUEST
What is good debt and bad debt? Sorry to go off the map.
Melanie GoodhueGUEST
No, that's good.
Melanie GoodhueGUEST
Good debt are things like...
Liam DannGUEST
But, yeah, look, could New Zealand borrow more? Possibly in theory, but then you have to trust the government to spend that money well.
Liam DannGUEST
So if you're borrowing money, there's good debt and bad debt.
Liam DannGUEST
If you're borrowing money...
Liam DannGUEST
And investing it somewhere productive that generates more of a return on the investment than the interest you're paying, that works.
Emily McAllisterHOST
And I think this is part of, I think, sometimes where people get lost or confused because there's good debt, right? Where, okay, we're taking on debt in an effort to make more money.
Emily McAllisterHOST
And then there's bad debt where we're taking on debt for something that generates us no additional revenue.
Emily McAllisterHOST
And so it sounds like...
Emily McAllisterHOST
Long term, those smart meter investments and the wastewater treatment and water treatment upgrades are good debt if you can classify it as that because the revenue generated from those investments will offset the initial cost of the debt and then eventually generate more revenue.
Liam DannGUEST
Actually, again, and that's actually one of the keys that I've been trying to sort of...
Liam DannGUEST
Like, we can worry about the numbers with debt, but there is good debt and bad debt.
Liam DannGUEST
And so what's important, really, is to think about what we're borrowing for, how we're using the money, and, of course, that probably goes to government debt, where there's always a great deal of controversy about how much we should be borrowing as a nation.
Garth BrayCORRESPONDENT
Yeah.
Wing LimHOST
So thanks for coming back.
Wing LimHOST
And so tell us this, what can we do with mortgage being a bad debt versus good debt?
Robyn FenskeGUEST
Yeah, I mean, I always say, if you want just the best rate in a simple product, just go to the bank and they'll just give you that.
Robyn FenskeGUEST
But as mortgage brokers, we do so much more.
Robyn FenskeGUEST
So, I mean, we we all work hard to purchase that first home.
Robyn FenskeGUEST
Once you get some equity in it, it really opens up a lot of doors to to other opportunities.
Robyn FenskeGUEST
And like Wing and I were saying before the meeting, it's like there's good debt and there's bad debt.
Robyn FenskeGUEST
But like, don't be afraid to have debt.
Garth BrayHOST
Yeah, well that's right, actually
Liam DannGUEST
to, you know, again, and that's actually one of the keys that I've been trying to sort of, like we can worry about the numbers with debt, but there is good debt and bad debt, and so what's important really is to think about what we're borrowing for, how we're using the money, and of course that probably goes to government debt where there's always a great deal of controversy about how much we should be borrowing as a nation.
Garth BrayHOST
Yeah.
Garth BrayHOST
If you're looking, I suppose, is it easy to get a sense of whether businesses are borrowing to just sort of maintain their position to sort of meet, you know, cash flow and so on or whatever, basically sort of running up an overdraft? Or is it easy to see where they are borrowing to invest?
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