General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 2 years ago,
going rate for cash for keys in Massachusetts?
Hi,
Just taking a quick poll, I'm considering offering cash for keys in parallel with moving toward eviction for nonpayment, blatantly breaking lease terms and damaging the unit. The tenant is contesting it in court though, may apply for state assistance, etc and it is going slow. What is the "going rate" for cash for keys in Mass? This is a class C 2 bed in Worcester that has an old lease at $875/month, but would rerent at maybe $1100, with some refinishing planned, I expect $1300-1400 for it once it turns over.
Also, any suggestions on when or how to propose this to the tenant?
Thank you all.