Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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 almost 7 years ago on . Most recent reply

User Stats

10,157
Posts
4,910
Votes
Andrew Syrios
Pro Member
  • Residential Real Estate Investor
  • Kansas City, MO
4,910
Votes |
10,157
Posts

So my tenant's house got shot up...

Andrew Syrios
Pro Member
  • Residential Real Estate Investor
  • Kansas City, MO
ModeratorPosted

So we just had a fun situation... we inherited a tenant on a house we bought and after they moved out we fixed it up and rented it out. Well, turns out these previous tenants weren't any good. Someone with a grudge against them came back and shot the house up thinking the old tenants we inherited were still there. (The police told us they were pretty sure this is what had happened as they had had run ins with our inherited tenants before.) Thank God our new tenants weren't home, but they are, not surprisingly, scarred ****less.

We let them out of their lease and I think they are going to move to another house of ours. So that part is fine. It also won't be too much of a hassle to fix up the house. The problem is, how long do I wait to release it? I was thinking we wait a bit before fixing it up, and  make it real obvious the house is vacant (with an alarm of course) and then make it real obvious it's for rent (like three signs in the yard or something), so if the shooters come back, they'll know the people they were after are gone. I don't think they'll come back anyways and hopefully the cops will catch them, but I also don't want to put any potential tenants at any risk whatsoever. 

I'm curious how the rest of you would approach this? Please let me know your feedback. Thanks!

Most Popular Reply

User Stats

1,309
Posts
2,051
Votes
Matthew Olszak
Pro Member
  • Real Estate Broker
  • Chicago, IL
2,051
Votes |
1,309
Posts
Matthew Olszak
Pro Member
  • Real Estate Broker
  • Chicago, IL
Replied

@Andrew Syrios I'd put a big 4x8 sign in front with something like, "COMING SOON 3BR/2BA RENTAL - UNDER NEW MANAGEMENT". Like the shooting scared the targets so much that they left and now management (you) is rehabbing. Let it sit a month max if that. Someone who shot up a house isn't going to just do so then "check in" 6 months later to see if they taught their target a lesson, they are there passing by frequently, or at least will get word of what's happening there. Make the vacancy factor as obvious as you can to the general public so word gets out that the previous problem tenant "ran".

  • Matthew Olszak
  • [email protected]
  • 847-447-6824
  • Loading replies...