http://www.biggerpockets.com/renewsblog/2007/03/21/alternative-to-eviction-rent-increases/ Learn, Network, Invest Mon, 01 Dec 2008 22:36:42 +0000 http://wordpress.org/?v=2.6.5 http://www.biggerpockets.com/renewsblog/2007/03/21/alternative-to-eviction-rent-increases/#comment-52689 Madison Albright Mon, 03 Dec 2007 15:56:03 +0000 http://www.biggerpockets.com/renewsblog/2007/03/21/alternative-to-eviction-rent-increases/#comment-52689 I agree with Josh, Bad tenants must be evicted immediately. This is necessary to let others know. Nobody likes bad tenant headaches! I agree with Josh, Bad tenants must be evicted immediately. This is necessary to let others know. Nobody likes bad tenant headaches!

]]> http://www.biggerpockets.com/renewsblog/2007/03/21/alternative-to-eviction-rent-increases/#comment-49469 Joshua Dorkin Sat, 24 Mar 2007 21:18:44 +0000 http://www.biggerpockets.com/renewsblog/2007/03/21/alternative-to-eviction-rent-increases/#comment-49469 I've inherited my fair share of BAD tenants. At the first opportunity I evicted them and got good tenants in there. Not only does doing that set an example for the rest of your tenants, but it also gets rid of the headaches! I’ve inherited my fair share of BAD tenants. At the first opportunity I evicted them and got good tenants in there. Not only does doing that set an example for the rest of your tenants, but it also gets rid of the headaches!

]]> http://www.biggerpockets.com/renewsblog/2007/03/21/alternative-to-eviction-rent-increases/#comment-49447 Norm Fisher Thu, 22 Mar 2007 00:36:51 +0000 http://www.biggerpockets.com/renewsblog/2007/03/21/alternative-to-eviction-rent-increases/#comment-49447 Great points about setting the ground rules. My late father used to tell new applicants that they'd love him if they paid the rent on time and followed the rules but he'd guarantee them that he'd be their worst nightmare if they didn't. Letting them know up front that you're no pushover probably weeds out a number of the derelicts right away. Great points about setting the ground rules. My late father used to tell new applicants that they’d love him if they paid the rent on time and followed the rules but he’d guarantee them that he’d be their worst nightmare if they didn’t. Letting them know up front that you’re no pushover probably weeds out a number of the derelicts right away.

]]> http://www.biggerpockets.com/renewsblog/2007/03/21/alternative-to-eviction-rent-increases/#comment-49444 Ryan Waggoner Wed, 21 Mar 2007 19:17:35 +0000 http://www.biggerpockets.com/renewsblog/2007/03/21/alternative-to-eviction-rent-increases/#comment-49444 Great plan, as long as the problem is not that the tenant has just stopped paying their rent, or pays it weeks late. I inherited a horrible tenant when I bought my first property who continually paid his rent late. If I had doubled his rent, he probably would have stopped paying altogether and forced me to evict him. I told him to leave multiple times, but he would always come up with the cash at the last second, and in my naivety, I would let him stay. I eventually evicted him over a year later, but I collected 10-15% in late fees from him just about every month. Looking back, it still wasn't worth the hassle. Great plan, as long as the problem is not that the tenant has just stopped paying their rent, or pays it weeks late. I inherited a horrible tenant when I bought my first property who continually paid his rent late. If I had doubled his rent, he probably would have stopped paying altogether and forced me to evict him. I told him to leave multiple times, but he would always come up with the cash at the last second, and in my naivety, I would let him stay. I eventually evicted him over a year later, but I collected 10-15% in late fees from him just about every month. Looking back, it still wasn’t worth the hassle.

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