Updated over 5 years ago on . Most recent reply
Starting a new lease in a time when evictions are not allowed
I am converting what was going to be an AirBNB property to a mid or long tern rental. What are ways to protect myself from the possibility that people may be looking to get into a place that for the foreseeable future they cannot be kicked out of? Anyone else nervous about this right now or in a similar situation?
Thanks!
Most Popular Reply
Not nervous. Screen like you always would (or always should). Be patient. A good tenant will not need to move in a hurry and will expect you need a few days to screen.
Get appropriate security deposits. If you get 1 month rent plus 1.5 months security deposit, even if your new tenant loses their job immediately, you should be OK. A good tenant often has some reserves of their own so most will continue to pay rent.
Since you may be new to the game, know your local laws. Find a good local attorney experienced in evictions just in case.