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Updated over 7 years ago on . Most recent reply

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Mathew A.
  • Real Estate Investor
  • Jacksonville, FL
16
Votes |
60
Posts

How to prevent squatters/thieves between tenants

Mathew A.
  • Real Estate Investor
  • Jacksonville, FL
Posted

I have a property that is having issues with squatters and thieves (taking the copper piping and water heater).  The property has been vacant since February.  I have a property manager, but it takes a very long time for anything to get done, and it seems like she can care less about what happens to the property.  I want to switch property managers, but I've already picked the vendors for the work to be done (the majority of the work hasn't started yet, because I've been waiting on a bid for the water heater).  My property manager's only solution to prevent squatters and thieves is to fix up and re-rent the property quickly after tenants move out.  I agree, but that has not happened, and I need a solution to the current problem. 

I'm worried about spending thousands of dollars to fix up the property, and then squatters/thieves/vandals undo all that work.  New windows will also be installed onto the property.  What course of action should I take?   Thank you for any advice.

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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
63,079
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied

the issue is you bought a home in an area that obviously is rough and probably should just be sold.

clients of mine that work these areas do the following.

1. when they have a turn over condenser is removed same day and stored

2. hot water heater moved and stored

3. HVAC system they hope wont get stolen or copper removed

4.  they live there and constantly watch the property best they can but they even get hit.

to expect PM to keep this from happening is not reality.. its the asset class 

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JLH Capital Partners

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