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 about 8 years ago,

User Stats

53
Posts
30
Votes
Ryan H
  • Architect
  • Sonoma, CA
30
Votes |
53
Posts

Closed Tuesday but the previous renters moved back in Wednesday

Ryan H
  • Architect
  • Sonoma, CA
Posted

Closed Tuesday but the previous renters moved back in Wednesday.  The place they had lined up to move into ended up being sold so the landlord returned their deposit and 1st months rent.  They had no place to go but still had keys to the place they just moved out of so they moved back into the house I now own.  I had plans to start the rehab next week.

Would you:

A. Begin the eviction process

B. Get them on a month to month lease and start cashflowing (at 10% less rent than you projected) on day one even without rehabbing.

C. Some other option

I think this could work out pretty okay or go really, really wrong.

What would you do?

Loading replies...