I knew I could count on my fellow BP'ers for this one! My business associate and I just picked up a property today and we want to help him. I mean regardless of whether we buy his property we really just want to help him. This owner allowed a tenant to move in a place in Indianapolis, In with no money and no lease. I need some help from anyone who knows what someone could do in this situation. We have already considered "cash for keys" in this situation. We may have to resort to this, but we want to know what rights there are for owners. This owner is an older gentleman and we feel like he is being taken advantage of and we are going to step in to help in any way that we can. If anyone knows what the laws are in this situation then please help out this owner, even if you do not want to help us. We agreed to his price, and it is a very fair one at that so, we are not exploiting this man's situation. Thanks in advance you guys and gals! Maybe together we can make this world a better place one house at a time!
Stephen Barton, Real Estate Agent in IN (#RB14052302)
1. Ask them to leave (probably not going to happen base off what you said)
2. Cash for keys....easiest and fastest way
3. File an eviction
-a 30 day notice needs to be sent to the property (certified mail is best)
-file with small claims in the township of the property
-cost is roughly $100, but I would use an attorney at a cost of roughly $200(I can recommend a firm)
-beware that a forced move my be required if tenant refuses to leave and this can cost upward of $600
Feel free to PM if you want further details
As Ashley has outlined above, these are the proper steps to remove an occupant from a property in Indianapolis.
The cost of filing a small claims action is $86.00 and $13.00 per additional defendant. In most townships, it will take you at least 3 weeks before you can get on the Court's docket for the eviction hearing. Also, it may take you a couple of weeks to get on the Constable's schedule for a forced move-out.
So you may want to plan accordingly.
Feel free to contact me with any questions.
Join the Largest Real Estate Investing Community
Basic membership is free, forever.