23 min
Eviction Notice: It’s Both Easier and Harder Than You Think | Ep 19 Furlo Capital Real Estate Podcast
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- Investing
Watch the YouTube video of this episode here)
In this episode, we delve into the challenging aspects of being landlords, including evicting a non-paying tenant. James shares his journey to the courthouse to file for eviction, emphasizing the importance of the eviction process, tenant communication, and how such situations are handled legally. This episode encapsulates the realities of real estate investment, the landlord-tenant relationship, and offers insights into dealing with non-paying tenants while highlighting our personal experiences and strategies for managing rental properties.
// Timestamps
00:00 Welcome
02:33 The Realities of Being a Landlord: Eviction Stories
09:23 Navigating Tenant Issues and Eviction Processes
13:26 A Look Back: First Eviction Experience
16:59 The Eviction Process: A Detailed Walkthrough
20:17 Reflections and Future Steps for a Landlord
// Key Lessons
Keep your cool even under legal heat: Eviction proceedings can be a mix of emotion and procedural rigor. By staying composed and ensuring all legal boxes are checked, you stand a better chance of prevailing without unnecessary drama.
Patience is more than a virtue; it's a strategy: Even when the process drags on, understanding the full extent of eviction procedures can help you manage expectations and prepare for each phase effectively. Knowing that initial hearings might not resolve the issue can save you from premature celebration or despair.
The paperwork is mightier than the sword: Always double-check that your notices include all occupants to avoid legal loopholes that could delay proceedings. A simple oversight in eviction documents can turn a quick resolution into a prolonged battle.
Preparation meets opportunity... in court: Showing up prepared with evidence and proper documentation is half the battle. Ensure you can prove claims like continued tenancy to avoid reliance on a no-show victory, which might not always be granted.
Safety first, even if it means stepping back: In volatile situations, assess the safety risks before proceeding with confrontational actions like evictions or property repairs. Sometimes, the wisest course of action is to delay repairs until the environment is secure.
Communication can defuse escalation: Before reaching the point of eviction, open lines of communication can often lead to agreements that avoid the legal route altogether. Being proactive in discussions can save both time and emotional energy for everyone involved.
// Let's build your wealth and improve housing, together.
I'm James Furlo. I live in Oregon, where I help people invest in real estate passively. Over the last 14 years, I've purchased over $4 million in real estate, and I’m excited to give you the opportunity to partner with us and experience the joy of building wealth while improving housing.
Access private investment opportunities, exclusive market updates, principles for passively investing in syndications, and behind-the-scenes insights. https://furlo.com/
// Disclaimer
Please note that investing in private placement securities entails a high degree of risk, including illiquidity of the investment and loss of principal. Please refer to the subscription agreement for a discussion of risk factors.
---
Send in a voice message: https://podcasters.spotify.com/pod/show/furlo-capital/message
Watch the YouTube video of this episode here)
In this episode, we delve into the challenging aspects of being landlords, including evicting a non-paying tenant. James shares his journey to the courthouse to file for eviction, emphasizing the importance of the eviction process, tenant communication, and how such situations are handled legally. This episode encapsulates the realities of real estate investment, the landlord-tenant relationship, and offers insights into dealing with non-paying tenants while highlighting our personal experiences and strategies for managing rental properties.
// Timestamps
00:00 Welcome
02:33 The Realities of Being a Landlord: Eviction Stories
09:23 Navigating Tenant Issues and Eviction Processes
13:26 A Look Back: First Eviction Experience
16:59 The Eviction Process: A Detailed Walkthrough
20:17 Reflections and Future Steps for a Landlord
// Key Lessons
Keep your cool even under legal heat: Eviction proceedings can be a mix of emotion and procedural rigor. By staying composed and ensuring all legal boxes are checked, you stand a better chance of prevailing without unnecessary drama.
Patience is more than a virtue; it's a strategy: Even when the process drags on, understanding the full extent of eviction procedures can help you manage expectations and prepare for each phase effectively. Knowing that initial hearings might not resolve the issue can save you from premature celebration or despair.
The paperwork is mightier than the sword: Always double-check that your notices include all occupants to avoid legal loopholes that could delay proceedings. A simple oversight in eviction documents can turn a quick resolution into a prolonged battle.
Preparation meets opportunity... in court: Showing up prepared with evidence and proper documentation is half the battle. Ensure you can prove claims like continued tenancy to avoid reliance on a no-show victory, which might not always be granted.
Safety first, even if it means stepping back: In volatile situations, assess the safety risks before proceeding with confrontational actions like evictions or property repairs. Sometimes, the wisest course of action is to delay repairs until the environment is secure.
Communication can defuse escalation: Before reaching the point of eviction, open lines of communication can often lead to agreements that avoid the legal route altogether. Being proactive in discussions can save both time and emotional energy for everyone involved.
// Let's build your wealth and improve housing, together.
I'm James Furlo. I live in Oregon, where I help people invest in real estate passively. Over the last 14 years, I've purchased over $4 million in real estate, and I’m excited to give you the opportunity to partner with us and experience the joy of building wealth while improving housing.
Access private investment opportunities, exclusive market updates, principles for passively investing in syndications, and behind-the-scenes insights. https://furlo.com/
// Disclaimer
Please note that investing in private placement securities entails a high degree of risk, including illiquidity of the investment and loss of principal. Please refer to the subscription agreement for a discussion of risk factors.
---
Send in a voice message: https://podcasters.spotify.com/pod/show/furlo-capital/message
23 min