The True Cost of Evictions for Landlords AND Tenants

[@bryanodom6551]

Great episode! Full of useful information

[@dhowto3005]

Thanks. This was informative! No landlord wants to evict a tenant. At least I don't want to, but sometimes it's necessary. I have had to unfortunately do it once. Hopefully, Mr. James Dainard can resolve the issue with the one remaining tenant. $150k-$200k of loss or cost would ruin most landlords

[@legacyopp9318]

It all depends. I lowered my credit score criteria for a nurse and law enforcement couple with 2 kids. They are maxed out on credit with new vehicles. I just signed them for a second year. Appreciation and cooperation. They are awesome tenants.

[@CanadianRealEstateChannel]

Thanks for sharing these actionable insights!

[@daveh7517]

Lower you price but keep tenant standards.

[@phil1954]

I want to point out that about 1/2 of the evictions I file actually get to the point of the tenant moving out. Half the time they will catch up on all past due rents

[@alexisking9620]

Dave, you are an economist!

[@HemiLyfestyle]

This is helping me because it makes me realize what im going to expect when i start my first rental in NC. I own a house but want to purchase my second house cash so i rent it out. Im 32 hopefully next year i can get the ball rolling

[@Mario.alsanchez117]

Yeah thats true

[@crand20033]

On my last eviction the tenant stole the fridge, and chair. He also dismantled everything in there the place.

[@HemiLyfestyle]

WOW, I'm here to learn because I want to purchase my second property to rent out, I'm here to learn to negative of renting out a property

[@jgg204]

"Should you lower your standard for tenants". Absolutely not. You are much better off by keeping your screening standards where it works with your risk and scaling, and instead improving units or lowering rents to make them more desirable and competitive. A unit with a quality tenant and slightly lower rent or a unit where you had to spend some $ for amenity improvements to get a quality tenant, is much better than a low quality problematic tenant at market rent in an as-is unit where you don't even get your rent on time and have to deal with other issues and damages.

[@IbrahimKone-ix4qi]

!!I just switched up my Roth IRA to 50% SCHD, 25% SCHX, 25% SCHG, and my Roth 401k is 70% vanguard S&P 500 index, 20% vanguard growth index, and 10% vanguard international index. Seeking best possible ways to grow $350k into $2m+ before retirement

[@BensonTati]

As a newbie investor, it’s essential for you to have a mentor to keep you accountable. Ruth Ann Tsakonas is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.

[@FederickLeo]

I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market.

[@BensonTati]

I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $200k passively by just investing through an advisor, and I don't have to do much work. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.

[@FederickLeo]

Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analyzing market movements and spotting profitable opportunities. Her strategies are meticulously crafted based on thorough research and years of practical experience.

[@IbrahimKone-ix4qi]

how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach? and How can i reach her, if you don't mind me asking?

[@Davefitz04]

Let’s be real, there isn’t a cost of eviction for a tenant lol.