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Updated almost 12 years ago on . Most recent reply

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Andrew Syrios
  • Residential Real Estate Investor
  • Kansas City, MO
5,100
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10,504
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Resolving problems with quick turnarounds

Andrew Syrios
  • Residential Real Estate Investor
  • Kansas City, MO
ModeratorPosted

So we've had a situation recently where someone was moving out, so we got the house leased for about a week after they were supposed to move. Then, they all of a sudden needed an extra month. And by needed an extra month, I mean just refused to leave. Where I'm at evictions take forever, so there isn't much leverage there. It all ended up working out, but does anyone have any recommendations for dealing with that kind of situation? Anything special you put in your leases or applications or tell prospective tenants? Thanks

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Kyle Hipp
  • Investor
  • Appleton, WI
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Kyle Hipp
  • Investor
  • Appleton, WI
Replied

I am in wisconsin. Wisconsin just passed a law that allows you to charge the tenant up to double daily rent for staying past the termination date. In your case if you lose a prospective tenant you could charge for any losses that youbear such as losing a tenant but in lieu of that it is double daily rent. You state landlord/tenant statutes might provide some guidance on this.

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