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 about 4 years ago on . Most recent reply

User Stats

9
Posts
3
Votes
Dairon Ruano
  • Chattanooga, TN
3
Votes |
9
Posts

Cash for keys, or file for eviction and a lawsuit?

Dairon Ruano
  • Chattanooga, TN
Posted

Hello! Let's say you have a tenant that has been great for the past year, never calls you, always pays on time, and you happen to like him/her; because they're so easy to manage. You've gone to this property routinely, to do inspections and they have taken great care of your unit. Unfortunately, they stop paying rent for whatever reason, and now you're having to kick them out. You don't want to hurt their credit report by filing for eviction, and instead you choose to do cash for keys (because you like them). HOWEVER, once you go to have that talk with them, you realize that they've trashed your rental unit since the last time you've been there. At this point what would you do? Would you still proceed with the cash for keys just to get rid of them, or would you file an eviction, and a lawsuit to make them pay you for the repairs?

Thank you for your time, I really appreciate it!

Most Popular Reply

User Stats

1,472
Posts
1,411
Votes
Todd Rasmussen
  • Rental Property Investor
  • Clarksville, TN
1,411
Votes |
1,472
Posts
Todd Rasmussen
  • Rental Property Investor
  • Clarksville, TN
Replied

@Dairon Ruano

Evict them for the lease violation of trashing the unit and once you have possession get awarded for damages and the back rent. Their credit score is their responsibility. The way they've maintained your property reflects the consideration they have for you.

Loading replies...