First Eviction Complete- How I survived.

[Cassidy Burns]

Well BP, 

My first eviction has come and gone.  I currently own 15 units, and have owned real estate for 1.5 years now and I had my first eviction today, June 13th 2018.  The tenants were professional tenants.  During my background check they actually gave me the # of one of their family members as their "landlord", bad due diligence on my part.  So 3 months delinquent on rent, how did I survive?

OWNING MULTIPLE PROPERTIES. If this single family house were my only investment I would have struggled to cover the basic PITI, yes @Grant Cardone, you are right...... But since I owned multiple units that were collecting income I could go through the eviction process without any repercussions of my personal bank account. My other tenants payed for their rent.

So my best advice, acquire more units.  

I love the power of real estate and can't wait to gain more and more experience.

Thanks again BP.  Now please get me on the podcast!! @Mindy Jensen @Joshua Dorkin @Brandon Turner @David Greene @Scott Trench 

[Linda Weygant]

So sorry you had to go through that.  Evictions are easily the worst part of landlording.  I agree that proper reserves/cash flow are what it takes to get you through pretty much any challenge.  I've done 4 and the only thing that gets easier is working your way through the paperwork.  Everything else is a strain.  I've never lost as much sleep as I do when I'm in the middle of an eviction.

Hang in there.  BP should give badges for First Eviction Completed.  (@Mindy Jensen - We need badges!!!!)