You know the old adage, "An Ounce of Prevention equals a Pound of Cure"!

.$2.10 USD to buy 1 Pound.

Hello fellow rehabbers, If you have been rehabbing for a while, I am sure you have ran into a situation like this one...You buy a house and the seller says he will “clean things up” and then a few days before closing he says that there are “some things he couldn’t quite get to”… and that they “may need to leave some items behind”...Our record to date is 12,000 pounds of “Stuff” (being polite) being left behind… Check out this You Tube video… They left a “little” stuff that they “couldn’t quite get to”… http://buildingmyrealestateempire.com/2007/09/20/rehab-project-seller-left-these-items-behind/Have you ever broken my record of 12,000 pounds of “stuff”?

When I read the title of this thread I thought; "tell the tenant to pound sand!"

The exterminators went there with me and we saw that the tenant kept 20 pound sacks of rice on the kitchen floor.

I am not talking about just going to court.I am talking about 3 day notice to quit,filing eviction,court date in the mail,going to court if tenants answers and getting judgement and writ,then paying writ fee and waiting for the marshal to set up throwing the stuff out.These time lines and processes will vary by state.In some areas the marshalls are backed up serving the writs.So if it takes 2 months to get them out and the writ takes a month then it will be 3 months of lost rent.4 if you get them out mid month unless you can land someone living in a hotel or moving to the area mid month.Then you would only lose 3 1/2 months.You also have to factor in time to turn the place and clean it and rent it out again.The fact you accepted a reduced rent will make it hard to get an eviction in court.Accepting a partial rent usually means you are doing a workout with the tenant.So for instance of I can get a majority of the rent I might do a workout.If the tenant wants me to stop eviction for 100 dollars I tell them to pound sand. :)What you do will also depend on your personal cash flow situation.Are you trying to preserve personal credit and do you have a recourse loan on this property??

I'm pounding down as many doors as I can to try and get a piece of the action...

And if they sell it, they have to pay $30K right off the top.Yep, there are intangibles like being able to pound a nail in a wall or paint a room purple without worrying about your security deposit.

And, I've lost 9 pounds, since I don't see all those food pictures every time I log in!

Commodities like gold and silver seem to be the choice of all of these preppers, we have over 50 pounds of this stuff and IMO not that handy except as to the appreciated value over the years.