Squatters and Thiefs Keep It Up

[Arron Paulino]

I have vacant properties that have been a struggle to upkeep while they are on the market either to be rented out or sold, whichever comes first. One property had its water heater stolen not once but twice as well as the furnace in the second attempt. Another property continually has squatters even with boards up and bars in front of the windows and doors. Police reports have been made, but I fear that it has been a consistent battle to deal with, especially with investing out-of-state. Property management has been aware of the situation but can only do so much even with constantly redoing what is being removed and repaired. I know it has been costly to replace/repair the damage done especially with the property being vacant and a monthly mortgage payment due as well without any rental income coming in.

Any advice is greatly appreciated. Would love to hear from investors that have been in this type of situation and what has been successful for you in terms of keeping them out and being able to still sell the property and/or rent it out.