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Updated almost 3 years ago,
Pricing risk on tenants with evictions/low credit
I've seen several posts mentioning that eviction moratoriums put a wrench into landlords' risk management strategies.
I am in a state where it takes roughly 1 month from filing for an eviction to the bailiffs' removing the tenants from the property.
How would you price the risk of accepting a tenant with eviction or a low credit in that situation? Let's say the perfect tenant pays 450 in rent + 450 refundable deposit, an eviction costs about 900 in lawyer costs/fees and you lose about 2 months of rent (rent due on the 1st, file on the 15th and they are out by the 15th next month). What would you expect a tenant with eviction to bring to the table in order to consider them?