EVICTIONS the not so fun part of real estate investing
Let’s face it, NO investor is immune to the risk of having to evict a tenant. It’s part of the game! While in this case the tenant had been there for 3 years, unfortunately she got behind and we had to proceed with an eviction. If you’re facing a similar situation, be sure to check out the tips below:
- Don’t let the tenant get THAT far behind. We realize that sometimes life happens and catches our tenants off guard. It’s a good idea to request a good faith payment to show that they are making an effort.
- Be sure to follow your local/state laws for starting an eviction case. In Texas you’ve got to serve a 3-day notice to start. It’s a good idea to serve that notice as soon as they are in default. Be sure to consult with an attorney if you don’t have any eviction court experience.
- When all communications stop and a tenant is behind it’s usually a sign that they have moved or are about to move out.
- Complete a walkthrough at some point once they are behind/during communication with them. This will give you an idea of the overall condition of the property.
- DO NOT accept money (or at least be sure to consult an attorney before you do). This could void out your pending court case if you’ve already filed.
For more information, feel free to call us at 817-462-0303 or 713-974-8004. We’d love to help you minimize your risk of eviction or properly get to the other side of a pending eviction.