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 7 years ago,

User Stats

79
Posts
41
Votes
Jonathan Boyd
  • Flipper/Rehabber
  • Springdale, AR
41
Votes |
79
Posts

Cash for keys for owner occupied duplex

Jonathan Boyd
  • Flipper/Rehabber
  • Springdale, AR
Posted

So I'm closing on a duplex in Northwest Arkansas in a week or so. Both sides leased month to month, and we plan on moving into one side. We're taking the side that is worse off to allow us to fix it up, but I need the guy there to leave. I know I only need to give him 30 days, but my concern is his actually leaving and the condition the unit will be in. He was at the property when I looked at it with my realtor and STRONGLY expressed desire to stay (just shy of begging.) I would never have rented to him in the first place, plus from some of his own admissions, he wouldn't currently qualify for our lease. I don't want a trashed unit, so I considered offering cash for keys, and even a daily incentive (like an extra 10 bucks for every day less than 30 he's there). And of course, returning his deposit if the place is in order. Any thoughts or advice? Thanks.

Loading replies...