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Updated over 2 years ago on . Most recent reply

User Stats

10
Posts
4
Votes
Jack Knight
  • Rental Property Investor
  • Eastern MA
4
Votes |
10
Posts

going rate for cash for keys in Massachusetts?

Jack Knight
  • Rental Property Investor
  • Eastern MA
Posted

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.

Most Popular Reply

User Stats

84
Posts
22
Votes
Jiva Segaran
  • Flipper/Rehabber
  • Easton, MA
22
Votes |
84
Posts
Jiva Segaran
  • Flipper/Rehabber
  • Easton, MA
Replied

@Jack Knight Aloha , I usually offer to pay the security deposit on their new place and go from there. $2k seems like a common number people usually jump for. Good luck!

  • Jiva Segaran
  • Loading replies...