Are squatters a common problem for rental property investors?

[Randy Vincent]

Hi Everyone,

My wife and I are looking to buy our first MFH in the Cleveland area, and I’m interested in knowing if anyone has had to deal with squatters on their properties. I’m wondering how common of a problem squatting is in the Cleveland area, and what strategies can be used to minimize the chances of it happening. Perhaps the problem has been blown out of proportion by the media, but we would just like to ensure that it doesn’t happen to us.

Thanks!

[Randy Vincent]

Quote from @Nathan Gesner:

Quote from @Randy Vincent:

It depends on the market. I live in a market where half the occupants don't lock their doors at night. Cleveland, like most big cities, has a large number of squatters. It's important to educate yourself on how to prevent it from happening, and then being prepared to act quickly and decisively if it does happen.

The problem is pervasive enough in Cleveland that a Google search turned up a lot of news articles, helpful blogs, and other resources.

Great advice, thank you Nathan.