Eviction Costs

Your mistakes are your tuition.
Eiji Toyoda

Procrastination makes easy things hard, hard things harder.
Mason Cooley

If you are a landlord, no matter how well you screen for tenants, you will eventually have to go through an eviction. When I started investing in real estate, it was 3 years before I had my first eviction. Anyone who has gone through an eviction knows that it can be a painful, tricky and expensive process. Therefore, it is important to make sure you understand the eviction process in your area before you need to. If you don’t, your education will be expensive. My eviction education cost me $3383.99, but if you act today, you can have it for the very low price of FREE!

My lease has the following terminology related to rent.

RENT, ADDED RENT: The rent payment for each month must be paid on the first day of each month to the landlord. The landlord need not give notice to pay the rent. Rent must be paid in full without deduction. The first month’s rent is to be paid when the tenant signs this agreement. Rent checks returned for insufficient funds shall be subject to a $25.00 late service fee, in addition to a $20 returned check fee. The tenant(s) shall be responsible for the payment of a late charge of $50.00 for rent not paid on or before the 5th day of the month for which the rent is due. Said late charge is deemed to be added rent payable by the tenant(s) to the landlord under the terms of the agreement. It is the tenant’s responsibility to get the rent to the landlord on time. If the tenant(s) sends a check for the rent, it must be post-marked …read more