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Updated over 1 year ago on . Most recent reply
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squatters in my rental property
Hello, i bought a rental property 3 years ago all cash for 71,000 cash flowing 900, currently using a management company. recently the tenant left and i rehabed the property, spent roughly 10 thousand to leave it rent ready. after 3 months waiting for a new tenant to rent it squatters came into the house and now im in the process of evicting them its been a month already.. any advice? should i sell it after i evict them? should i fix it again and try to sell it (expecting they will trash the place) or just try to keep it and try to rent it again hoping that doesnt happen again. The Value of the houses around are roughly in between 90 to 115 thousand
Appreciate any advice
Thanks
Most Popular Reply
Quote from @Angelo Lencioni:
Hello, i bought a rental property 3 years ago all cash for 71,000 cash flowing 900, currently using a management company. recently the tenant left and i rehabed the property, spent roughly 10 thousand to leave it rent ready. after 3 months waiting for a new tenant to rent it squatters came into the house and now im in the process of evicting them its been a month already.. any advice? should i sell it after i evict them? should i fix it again and try to sell it (expecting they will trash the place) or just try to keep it and try to rent it again hoping that doesnt happen again. The Value of the houses around are roughly in between 90 to 115 thousand
Appreciate any advice
Thanks
It depends on the type of squatter. If they are prone to violence, you let the eviction process take it's course.
If they are typical druggies, you strap a 6 iron to your hip amd move in with them amd make loud noises all night long or all day long if they sleep at night, And you play loud musical compositions by Beethoven or Hank Williams 24/7. They will move.