Delinquent Tenants: The Pain & Gain of Cash For Keys

[Franklin Spees]

Although it can often be an economically superior alternative to pay your delinquent tenants to move out, it can also be personally and morally challenging out of principle.  What might have been $750 to an UD attorney and 45 more days of no rent...can be mitigated by offering $500 cash for them to be out in 72 hours.  I've done it both ways and I often have mixed feelings about it regardless of how it plays out.  Specifically with the cash for keys approach--although it can potentially save time and money, it could also be releasing and virtually encouraging a bad tenant to go and find another unsuspecting landlord who will not see any of their past on the credit check.  

Anyone else have strong feelings either way on this issue?