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Updated almost 8 years ago on . Most recent reply

User Stats

481
Posts
170
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Jeff Gates
  • Investor
  • Cathedral City, CA
170
Votes |
481
Posts

I went through my 1st Eviction

Jeff Gates
  • Investor
  • Cathedral City, CA
Posted

I spent $1200 on legal fees, and lost 40 days rent. The rental was not pretty when they left, but I can't say it will cost more than $2000 to bring the rental back to the condition I need. 

The renter left at the end of the lease and never gave me the keys. They sub leased my property (on move out day) to a squatter, "unknown person".

I consider myself lucky. 

What really worries me is this 83 million eviction records. In the eviction database. 

https://evictionlab.org

Most Popular Reply

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28,239
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41,493
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
41,493
Votes |
28,239
Posts
Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied

Cash for keys is one of the worst ideas I've ever heard of. You reward the tenant's bad behavior with a cash payment and then let them leave with a clean record so they can sucker the next Landlord. 

Landlords would be better off screening properly, correcting bad behavior quickly and professionally, and then following the eviction process when a bad tenant surfaces.

@Jeff Gates I manage over 300 rentals and my last eviction was 3.5 years ago. According to your attorney, I should be doing 50 a year!

  • Nathan Gesner
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The DIY Landlord Book
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