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Updated over 7 years ago on . Most recent reply

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Kenneth Garrett
Pro Member
  • Investor
  • Florida Panhandle/Illinois
3,109
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3,757
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Avoiding the Eviction Process

Kenneth Garrett
Pro Member
  • Investor
  • Florida Panhandle/Illinois
Posted

I have evicted tenants before but here in Illinois it is time consuming and costly.  Looking for creative ways to get tenant out legally. Buy them out, etc.

  • Kenneth Garrett
  • Most Popular Reply

    User Stats

    57
    Posts
    34
    Votes
    Matt W.
    • Rental Property Investor
    • Los Angeles, CA
    34
    Votes |
    57
    Posts
    Matt W.
    • Rental Property Investor
    • Los Angeles, CA
    Replied

    Cash for keys. The agreement doesn't need to be long winded, just state that the tenant is voluntarily returning possession of the unit to you, state the amount of money exchanged and dates of when things will happen, and get them to print, sign and date. Preferably all adult occupants in the unit or whoever signed the lease. You can also state that you won't go after them in small claims/collections or if you'd like the matter to stay confidential but I don't know how enforceable a court would view a breach.

    The toughest part of cash for keys is the timing. People need time to move and you risk giving them another 3-4 days of free time if they back out of the agreement. When it works, giving the deposit back and even plus some money can be cheaper than the time and money spent on an eviction. I feel your pain as CA is very slow as well.

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