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  1. #1
    Join Date
    Jul 2017
    Posts
    2

    Default Re: New Ownership

    I guess I should say "given" the property. It sounds too unreal, and absolutely insane. I'm not actually "buying" the place. I am being gifted the duplex.

    I've definitely been looking into it already. It really doesn't seem like it's going to be too awful. Not the process of it anyway, just worried what they may do to the property. I did run the woman's name, the actual person he rented to .. and she's been evicted 4 times previously around town. So she's pretty much a complete loser who doesn't like to pay rent!

  2. #2
    Join Date
    Mar 2013
    Posts
    1,279

    Default Re: New Ownership

    Try cash for keys. Have your attrorney draw up a letter offering to pay them a specific amount of money ($5K to $10K) provided they vacant the premises by a specific date and leave it undamaged. The letter should make it clear the money will not be paid unless everyone completely vacates and removes all belongings, animals and trash prior to the specified date and that an inspection after that date reveals no damage. Of course, give that they are already trashing the place, you will have to specify what amount of existing damage is acceptable.

    The amount you pay may be cheaper than the cost, trouble and time delay caused by eviction.

  3. #3
    Join Date
    Nov 2013
    Posts
    672

    Default Re: New Ownership

    Listen to adjusterjack. I had tenants in a property I bought that dragged out moving for over 4 months. AND left two dumpsters full of trash. They felt we were not giving them sufficient time to move, filed all the possible delays, and then left the keys the night before the final hearing.

  4. #4
    Join Date
    Nov 2013
    Posts
    672

    Default Re: New Ownership

    At the time he wrote that, that fact was not known, and hadn't posted when I wrote.

    Your better suggestion?

  5. #5
    Join Date
    Nov 2013
    Posts
    672

    Default Re: New Ownership

    Yes. WHICH HAD NOT POSTED (to me)WHEN I WROTE. Still looking for your better suggestion.

  6. #6
    Join Date
    Mar 2013
    Posts
    18,340

    Default Re: New Ownership

    Quote Quoting nic0le
    View Post
    I guess I should say "given" the property. It sounds too unreal, and absolutely insane. I'm not actually "buying" the place. I am being gifted the duplex.
    By whom?

    And why?

    The owner has a reason for unloading the property on you for free.

    You have the option of declining the gift until the upstairs tenancy is resolved.

    Once you own it you could end up spending umpteen thousands on getting them out and addressing the mess they leave behind.

    Quote Quoting nic0le
    View Post

    I've definitely been looking into it already. It really doesn't seem like it's going to be too awful. Not the process of it anyway, just worried what they may do to the property.
    Yes, worry. At least one consequence has already been revealed in a previous response.

    Quote Quoting nic0le
    View Post
    I did run the woman's name, the actual person he rented to .. and she's been evicted 4 times previously around town. So she's pretty much a complete loser who doesn't like to pay rent!
    So, you've been warned. Heed it.

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