4 ms·

And that can quickly disappear for those who end up with tenants that don't pay and can't be evicted.

• throwaway088 5y ago
  That's my fear. But can you tell me in what situations I cannot evict my tenants. (Honest question).
  • yeswecatan 5y ago
    COVID?
  • ixacto 5y ago
    Most states have eviction moratoriums until 6/30 right now due to the pandemic.
    • throwaway088 5y ago
      Got it. Thx
  • ac29 5y ago
    Even when you can evict your tenants, it can take a long time, since you have to go to court. Had a friend have a property get absolutely destroyed by tenants that took a while to evict - 10s of thousands of dollars of damages. Of course, you could sue to recover your losses but these sort of tenants are usually an empty bag - you can't collect money they dont have and a small security deposit wont cover much. These situations are uncommon, but hardly unheard of. https://www.nolo.com/legal-encyclopedia/the-eviction-process-california-rules-landlords-property-managers.html https://www.nolo.com/legal-encyclopedia/the-eviction-process...
  • refurb 5y ago
    Right now? CA still has an eviction moratorium going. If your tenants stopped paying rent you’d just have to bank roll it until it ends and you evict them.
    • renewiltord 5y ago
      If he can handle the cash flow, he'll be fine. The government printed enough money to pay him in the end.