Multiple Evictions and Lost Rent: Is It Worth Pursuing Tenants for Damages

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Hi everyone, I am an out-of-town investor in Charlotte 

I’m reaching out for some advice regarding multiple evictions . Over the past three years, I've had to evict three tenants !!! with the most recent eviction last month. These evictions have not only resulted in lost rent but have also led to significant renovation costs to restore the properties.

For context, I have had a property manager since 2018, and everything was fine until two years ago when the evictions started. I’m trying to understand if this situation is normal and if it's worth my time to pursue the tenants for the lost rent and damages. Also, if anyone has experience with this, what steps should I take to go after them, and what can I do to prevent such issues in the future?

Any advice or shared experiences would be greatly appreciated.

Thank you!

[Adam Bartomeo]

I don't agree with most that have posted here. There has been a drastic increase in evictions in the past two years. Our evictions went from 2 a year to 24 a year and we are now around 12 a year. Can anyone that has posted here guess why there has been an increase? Probably not since most are not fully engaged in property management. 

Over the last four years we have been raising rents which has been fine but about two years ago inflation got out of control. Couple the two together and you have a receipt for tenants that cannot afford to live.

As for trying to collect, you should ALWAY put them in collections for two reasons. 1. A warning to anyone that is going to allow them to rent and give credit. 2. There is a chance that you will get some money. Suggesting to do nothing is irresponsible!