Quote:
Originally Posted by glatt
The renters you get will make all the difference. Seriously. I know of landlords who have literally paid renters to leave they were so bad and the system is so slow to get rid of them.
|
Ditto.
A friend would get rid of tenants by offering them $1000 to be out in a week. He said the cost of eviction would run to $5000 not including the 6 months it would take and the lost income. It was a win-win. For a grand everyone can find a couch to crash on. He also pointed out that having dozens of rental properties spreads the loss out, when you've only got one, the impact of a non paying tenant is acute.
Another thought is if you have to evict the family, why not offer to rent it to them? If they move they'll have to pay rent where ever they go, might as well pay it to you and save them the cost of moving.
Could also be a recipe for disaster.