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Updated almost 12 years ago on . Most recent reply

Mike Franco's profile image
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Mike Franco
  • from Los Angeles, California
  • Member since Apr 18, 2013
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Mike Franco's profile image
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Mike Franco
  • from Los Angeles, California
  • Member since Apr 18, 2013
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Mike Franco
  • Los Angeles, CA
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Votes |
555
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General Landlording & Rental Properties

Cash for keys. Why would any tenant want that?

Mike Franco
  • Los Angeles, CA
Posted

Just wondering, if they're dead set on being a bad tenant, why would they accept your petty cash for keys if the rent costs a lot more and they can stay in your home for free?

If you've done this before, how much was your rent, and how much was your cash4keys offer ?

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Michele Fischer
  • Rental Property Investor
  • from Seattle, WA
  • Member since Apr 6, 2013
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Michele Fischer
  • Rental Property Investor
  • from Seattle, WA
  • Member since Apr 6, 2013
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Michele Fischer
  • Rental Property Investor
  • Seattle, WA
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Michele Fischer
  • Rental Property Investor
  • Seattle, WA
Replied

we paid a tenant $200 for keys, she needed gas money. Rent was $500. A lot of our tenants don't understand their "rights" to stay without paying.

  • Michele Fischer
  • Podcast Guest on Show #79
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