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 over 4 years ago on . Most recent reply

User Stats

428
Posts
481
Votes
Jimmy O'Connor
  • Real Estate Agent
  • Philadelphia, PA
481
Votes |
428
Posts

Why are squatters so smart??

Jimmy O'Connor
  • Real Estate Agent
  • Philadelphia, PA
Posted

Imagine: you are trying to sell one one of your biggest clients non performing assets. The house has a ton of value and, in a perfect world, you could sell 30k higher. However, your landlord client neglected this property for A WHILE and in that time 3 squatters Have comfortably found their way into the property and turned it into the classic hoarders home with animal droppings, fleas, and trash from front to back. Needless to say the bottles on the floor aren’t filled with apple juice (I apologize for the vivid imagery).

Open your eyes: this is my (and many RE professionals) realty. This isn’t an all glamorous business.

It’s likely these people were down on their luck and needed shelter. I will never judge because I have never been able to relate (praise the lord). but IT BLOWS MY MIND how they are pseudo paralegals on the ejection process and current hold up of evictions. I wouldn’t be shocked if they could reference cases to justify a legal precedence for squatting.

I have a price for cash for keys and have developed rapport by treating the squatters like people (which they are) but leading up to this closing I’m growing more and more anxious of them actually getting out and letting us close the deal.

BP ethos- what’s your best/worst experience with squatters and what ways were you able to come up with solutions?

  • Jimmy O'Connor
  • Loading replies...