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Updated 5 months ago, 07/31/2024
Multiple Evictions and Lost Rent: Is It Worth Pursuing Tenants for Damages
Hi everyone, I am an out-of-town investor in Charlotte
I’m reaching out for some advice regarding multiple evictions . Over the past three years, I've had to evict three tenants !!! with the most recent eviction last month. These evictions have not only resulted in lost rent but have also led to significant renovation costs to restore the properties.
For context, I have had a property manager since 2018, and everything was fine until two years ago when the evictions started. I’m trying to understand if this situation is normal and if it's worth my time to pursue the tenants for the lost rent and damages. Also, if anyone has experience with this, what steps should I take to go after them, and what can I do to prevent such issues in the future?
Any advice or shared experiences would be greatly appreciated.
Thank you!