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Updated over 9 years ago on . Most recent reply

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106
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Johann Kleisch
  • Rental Property Investor
  • Evansville, WI
33
Votes |
106
Posts

Paying bad tenants to leave?

Johann Kleisch
  • Rental Property Investor
  • Evansville, WI
Posted

A local investor recently told me she has done dozens of evictions over the years and has never been able to collect a penny on any of them.

Therefore she started using a new approach of paying the tenants $100-$200 to move out within 1-2 weeks.  The cost just to file the eviction is over $100 so it sounds like it may be a good idea.  She's had some pretty good results with this approach and I was wondering the thoughts of the BP community on this.

Best of success!

Most Popular Reply

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3,601
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4,335
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Marcia Maynard
  • Investor
  • Vancouver, WA
4,335
Votes |
3,601
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Marcia Maynard
  • Investor
  • Vancouver, WA
Replied

It's called CASH FOR KEYS and not uncommon, but sometimes a bitter pill to swallow. Being proactive is better.  Have clear rental criteria, an effective tenant screening method, and a comprehensive rental agreement in place. Be swift, polite, firm and fair in enforcing the terms of the rental agreement before it mushrooms out of control.

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