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Re: Evictions

Posted by M.Osterman on May 09, 2010 at 7:39 AM

In Reply to: Evictions posted by Jim Gibson on May 08, 2010 at 10:08 PM

: Have a business partner that just took over 18 units as property manager.These units have been for the most part vacant for a very long time and the tenants that are in the buildings do not pay the out of town owner.In short my question is can I with very little experience handle evictions ?Can you tell me where to find the info i will need to perform evictions There is no money available to spend on an attorney..

Jim,
Rick is right on about using a professional to get someone out.

OR

You can bribe them. Give them one months rent, or $500.00 (once they move out).

I was at the courthouse last week and had this same conversation with a landlord who was filing an eviction himself, he thought I was crazy. "You want me to GIVE them money"! I was like yeah..."You want them to move OUT"? I know it seems counter intuitive but it could be cheaper and easier.

And if you just bought an 18 unit or "took over" legal fee's should be in your budget along with your fix up costs.

OR

Make them your managers to oversee the place while you fix it up. They'll get a sense of responsibilty and the like. Once you get the units filled, you can keep them on board or move them out at that point.
If they're total losers and could careless and would steal from you, then go to option 2 then to option 1.

Best,
Mike Osterman


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