- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Landlord Question - Evictions
Posted on 9/30/08 at 2:05 pm to Htown Tiger
Posted on 9/30/08 at 2:05 pm to Htown Tiger
Well it depends, sometimes leases hold up in court and they can place a judgment lien on the defendant until they pay you the backed rent
in other cases, if you go through formal eviction proceedings you may be able to have the sheriff remove the tenant for non-payment but you may not be able to recover the lost rents
that's why as part of your NOI on investment property each year it is always prudent (and obviously necessary) to account a 5% or so piece of your budget for vacancy or collection losses
:notalawyer: FWIW
in other cases, if you go through formal eviction proceedings you may be able to have the sheriff remove the tenant for non-payment but you may not be able to recover the lost rents
that's why as part of your NOI on investment property each year it is always prudent (and obviously necessary) to account a 5% or so piece of your budget for vacancy or collection losses
:notalawyer: FWIW
Posted on 9/30/08 at 2:17 pm to 19thHole
Thanks 19th...would suck not to be able to recover it. Hopefully the lease will stand up in court if need be. Currently looking into a lawyer who specializes in eviction cases....hate to go that route, but may not have a choice.
Popular
Back to top
![logo](https://images.tigerdroppings.com/images/layout/TDIcon.jpg)