The laws on collecting interest on a debt will vary by state and may be governed by the terms of the agreement, if any. However, most states do allow you to collect prejudgment interest and have it added to the judgment if the case goes to trial.
If you specified an interest rate when you made the loan, you should be able to collect the principle balance plus the interest amount, from the date the loan was made to the date it is collected (accrued interest). Even if a specific interest rate was not specified, one could still add a reasonable interest rate and presumably collect that additional amount when suing for collection of a loan (or monies owed to you). If a court is involved they might decide on the exact amount of accrued interest and whether that accrued interest amount will be collected in addition to the principle amount (the original loan amount).
Generally there is no point in suing a property manager for not collecting rent. It should be noted that the tenant is responsible for paying his rent on time. It is not the responsibility for the landlord to collect the rent. If the landlord does not collect rent and the tenant should send it to the landlord by mail or in person.
Yes, it can be. There are legal limits set by each state on the amount of interest that can be charged on a loan. Going above this limit is called "usury." Usury laws prevent loan sharks from suing to get their money back. Obviously, being unable to sue to recover their loan causes most loan sharks to resort to other, less honorable methods. Threats, intimidation, etc. These, of course, are also crimes. Additionally, it is a federal crime to attempt to collect on a debt when the interest rate is more than twice the rate allowed by state law.
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