What to do After an Eviction

Some people say that alcohol abuse can be a good analogy for Property Management and Evictions. An eviction is the equivalent of what an alcoholic usually call a hangover. All of us who drink understand that sometimes we are going to have to deal with a hangover because of the fact that we make several overzealous choices which in the future we know we are going to deplore. The same may be said with property management. The following is a humorous analysis of my first horrendous experience with new york tenant landlord law.  

  One of my beginning experiences with property management was like a lot of people’s first experiences with alcohol: It sucked, and made me never wish to try it again. But, like an alcoholic, I realized that I was hooked, and for some self denigrating reason I made up my mind to keep trying it again, and even made a profession out of it. That was many years ago, but just like a recovering alcoholic who is standing in front of the podium at a twelve level program discussing how they are a habitual alcoholic, here I am in front of you explaining how I am still trying to get better from an Eviction. This was no normal eviction, it makes the heart palpitate, skin creep, and a lump grow in your gullet. I still suffer from night sweats because of it. Below I will discuss the mistakes I commited hoping that probably we can all learn from my errors.    

 

It was my first investment property and I was filling a vacancy for the first time. I had a lot of interest in the place, and I was trying to make up my mind which person I was planning to rent to out of a typical batch of not very distinguished renters. But I had a mortgage to pay, so I chose to rent it to three college age guys who had a puppy. I understand that sounds bad, but wait until you hear who I decided to rent it to. Before calling the kids and letting them know that they could have the place, a couple called me and asked if the place was still available for rent. They seemed like a nice couple in their mid-twenties and they even brought along their kid, so they seemed like quite nice family. Later on I found out that it was a rent-a-kid.

 

    I decided to rent to them as they looked quite nice. However, the biggest mistake I commited was I never ran their credit report, I never checked their background, had them list their references. They ended up being addicts, drug dealers and did over $12,000.00 dollars in damages to the house. The eviction new york process took 6 months because they were professional deadbeat renters and knew how to avoid service. The moral of the story is: always check credit, background, rental history, employment history, and eviction history. For the small amount of time and money that it takes to make such checks, you may save yourself a huge amount of money, time, and emotional distress.

 

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