General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 9 years ago on . Most recent reply
cash for keys
What is this I keep reading about cash for keys. Who picks the dollar amount and how much time is given for tenets to vacate? Does it relinquish all lease Agee mentioned and is it really legal? Just wondering.
Most Popular Reply
Steve Vaughan
#1 Personal Finance Contributor
#1 Personal Finance Contributor
- Rental Property Investor
- East Wenatchee, WA
- 16,108
- Votes |
- 10,251
- Posts
Steve Vaughan#1 Personal Finance Contributor
#1 Personal Finance Contributor
- Rental Property Investor
- East Wenatchee, WA
I did a cash for keys last month. With the truck loaded and after a quick walk-through, I had the tenant sign a receipt (that's important), hand over the keys and I gave the money. I then immediately changed the locks.
This person was not dangerous, per se. He just invited shady people over to 'help them'. I don't recommend a lady ever meet a potentially volatile situation or person alone. Bring a bat and a big friend or 2 @Wanda Singhisen!