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Old 11-02-2014, 01:54 PM
 
197 posts, read 517,662 times
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What I like about properties with more units vs individual is you get more bang for you buck. For example the cost of heating for 8 apartments in one building with one boiler and 4 separate homes with 2 units each, will be much cheaper in the 8 apartment building, so you reduce your expenses. I'm in the Northeast, maybe in other parts of the country it's different, but that is just an example.

You have to look at the overall picture and NOI of your total investment
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Old 11-02-2014, 02:02 PM
 
Location: St Thomas, US Virgin Islands
24,665 posts, read 69,703,004 times
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Originally Posted by rayspots View Post
would anyone know if i can charge a sublet renter not on the lease for trespassing as a quicker solution to an eviction notice
If the subtenant has been in the unit for over a month then usually they've established residency there so, no, you can't charge them with trespassing. In any case, whose "subtenant" are they? If they've rented from your tenant then that's the person you have to go after if by subletting they've violated the terms of the lease. You give them the basic "cure or quit" notice and if they don't comply and have the unauthorized person leave then you file eviction against them for noncompliance.
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Old 11-02-2014, 02:06 PM
 
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Originally Posted by rayspots View Post
would anyone know if i can charge a sublet renter not on the lease for trespassing as a quicker solution to an eviction notice
depends upon the state laws where this is happening.

but I've been in that situation as a LL where a person (who is not a renter if they're not on the lease) was invited to stay on the premises by a person on the lease. After the folk on the lease moved out, the person remaining on the premises was not obligated to pay any rent and also refused to move out or sign a lease/rental agreement.

The process to evict that person took months to accomplish. In my experience, the law was not interested in dealing with the situation as a criminal matter, but a civil one. And I was not allowed to do anything to affect the habitability of the unit, like shutting off the water or utilities to force them to abandon the place sooner, nor could I change the locks.

It really depends upon your local PD or Sheriff's dept and how they will react to a criminal taking of your property in view of the state laws, or if it all comes down to a civil matter.

Last edited by sunsprit; 11-02-2014 at 02:19 PM..
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