Weekly Rental Evictions

[Daniel Gibson]

Hello All,

My partner and I just closed on a 3 property deal that we are very excited about. The 3 properties are operated legally as "rooming houses" or weekly rentals. We did our due diligence and closed a couple weeks ago. So far, the transition has been relatively smooth but I do have one question that I hope someone has experience with. 

Are weekly rental evictions easier to manage than normal monthly lease evictions? I have our attorney checking into it with the state and county but we are curious if it is treated more like a hotel in the sense that we can move tenant's stuff out for non payment? All of the furnishings are ours so really each tenant just has their personal belongings. 

Any thoughts or feedback would be great!

Thanks,

Dan

[Jassem A.]

Doubt it.  Likely will have to go through the normal red tape and take them to court.

[Account Closed]

Sounds like a hotel and would fall under the innkeeper laws of your state.You should have zero evictions since you would be collecting the tab upfront for the week

[Daniel Gibson]

Thanks for the responses. I have been getting responses from my investor friends in my area as well. I guess I will wait for the attorney's answer.

[Daniel Gibson]

UPDATE:

I spoke with a couple different attorneys and here is the conclusion we came to on evictions for weekly rentals: in our lease we have a line item that states "You have the option to put down an extra security deposit of $400, if tenant declines, tenant then agrees to abide by our state's Innkeeper laws on removal from premises." This allows us to act like a hotel vs a normal monthly rental and we can change the locks the day a tenant does not pay.