Quote:
Originally Posted by retiredguy123
One possible tactic is to offer a cash payment to the tenant. That is often how banks handle people who won't leave after a foreclosure, and also to ensure that they don't damage the property.
|
I'd suggest first contacting a lawyer who specializes in landlord / tenant issues to get their advice, but the above is likely the best (cheapest & quickest) strategy to start with, it's referred to as "Cash for Keys".
How much is monthly rent? Let's assume it's $2,000/month--offer the tenant $4,000 (in cash, not a check) if they vacate the premises within 2 weeks and leave it in good condition. I know this sounds crazy and you're rewarding this person for bad / unethical behavior, but what are your other options and likely outcomes?
You can try to evict, but even with a lawyer's help, this will likely take months, so you've lost $2,000 in rent each additional month. Plus you'll have to pay lawyer's fees on top of that. Let's assume it's $2,000 to get a lawyer to handle the case for you--if it takes three months to get the tenant evicted, going the normal lawyer route ends up cost you $6,000. Versus $4,000 to have him/her out in two weeks.
Which outcome do you prefer?