Posted by JT-IN on October 28, 2003 at 20:41:23:
Most folks think that they can coherce the rent from the Tenant, and then they won’t do it again… what a laugh…
Yes, successful Landlords are those that ingnore the emotions and operate straight down the middle… Screen, and follow the guidelines, and as you say, most of the problems are avoided… Most, not ALL.
Good advice Ed… but most won’t follow it… until they get burned a few times…
JT-IN
question I haven’t seen before - Posted by rocky in CA
Posted by rocky in CA on October 27, 2003 at 14:36:29:
So here’s a question I haven’t seen before. Is there an efficient way to evict someone out of a property, like some special formula (for CA), or maybe a good eviction specialist I can speak with so I have a good idea of what the process is like for any possible future need of this info?
I don’t need to evict someone presently, however, I am thinking about holding a couple of properties long term (the situation is definitely right), but I want to know what the worst case scenario is if I have to evict. Up til now, I haven’t been putting tenants in, I’ve just been selling right away.
Any insight into this would be greatly appreciated.
Good Investing,
Rocky.
Re: Eviction - Posted by Long Beach Ed
Posted by Long Beach Ed on October 28, 2003 at 09:43:32:
Hay Rocky,
Screen them and never rent to anyone bigger than you or smarter than you. Make the places nice and charge top rents. Never rent to anyone with bad credit. If you follow those rules to the letter, you should have less than 5% go bad. Avoid teachers, cops, sheetrok mechanics and anyone who is a wiseguy.
When you have a problem, act immediately. Be strict. Tenants will test you. Set a rule. If you don’t receive rent by the Fifth, go to court. Never beg for money or knock on doors. That is the court’s job.
If a tenant goes bad and starts disliking you, get rid of them. I use month to month agreements, so I can do this. An angry tenant will always be a problem.
And of course, take care of your places so these tenants never have a valid complaint. I’ve been very successful following these rules, but took a bath before I learned them.
Long Beach Ed
Re: question I haven’t seen before - Posted by Del-Ohio
Posted by Del-Ohio on October 28, 2003 at 08:21:47:
Not exactly a direct answer to your question but something you might find helpful.
We started playing the rental game in Jan 2003 and currently have 13 units. So far the tenants we put in we have not had to evict because we selected well. A couple inhereted tenants we have had to, but we bribed them, with forgiving back rent, cheese and trail bologna and helping them move.
Del-Ohio
Re: question I haven’t seen before - Posted by rocky in CA
Posted by rocky in CA on October 27, 2003 at 22:18:32:
Thank you both for your responses, your time is much appreciated.
I guess I was hoping for someone who has held properties and has made that work for him or her, and has dealt with evictions (in CA) succesfully. Of coarse I know to avoid evictions whenever possible, but I want to know what the worst is that can happen.
I guess I will ask a RE lawyer. I just wanted to know if anyone knew of a reputable one. The RE club sounds like a good resource, however. Thank you.
Good Investing,
Rocky
Re: question I haven’t seen before - Posted by wpage
Posted by wpage on October 27, 2003 at 18:32:35:
With a name like “Rocky” you sound like a tough guy. Just throw them over the balcony!!Just Kidding!!lol
To answer your question I would talk to other landlords in the area. Go to a meeting of your local RE club. Look up on the web sites of your local governments for rules and regulations. Talk to a good RE lawyer. I wouldn’t allow this to affect your decision about holding. My idea is to always know who you are renting to before they get in. Check their job. Check with their previous landlord. Take the time to choose before not after. good luck wpage
Re: question I haven’t seen before - Posted by Craig
Posted by Craig on October 27, 2003 at 16:47:25:
while I dont know of any eviction specialists, keep in mind that tenants can be a huge headache, and more trouble than theyre worth often times. If flipping has been working for you, you might just want to think about doing that.
Re: question I haven’t seen before - Posted by Craig
Posted by Craig on October 27, 2003 at 16:42:27:
while I dont know of any eviction specialists, keep in mind that tenants can be a huge headache, and more trouble than theyre worth often times. If flipping has been working for you, you might just want to think about doing that.
Law students are out, too. - NTXT - Posted by Brent_IL
Posted by Brent_IL on October 29, 2003 at 19:49:02:
.