Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 3 years ago,

User Stats

45
Posts
48
Votes
Maria S.
48
Votes |
45
Posts

Pricing risk on tenants with evictions/low credit

Maria S.
Posted

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?

Loading replies...