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How To Prevent Squatters Taking Over Your Properties

by blogger1
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on Wednesday, 17 April 2024
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Squatting seems to be a new tsunami spreading across the country. Current economic dynamics only look like they will fuel this trend for the next few years.


They can be expensive and time consuming to get rid of once they're in. So, how can you prevent squatters taking over your properties?


Minimize Vacancies

Squatters move into vacant properties. The less time a property is vacant, the lower the risk.


Alarm Systems

If you and the authorities are alerted as soon as someone breaks in, then you can prevent them from trying to stay and assuming squatters rights.


There are security systems which real estate investors can rent by the month, and move from one property to the next as they buy and sell them.


Make It Look Active

Squatters target properties that look abandoned. Yard signs can signal a property is empty too.


However, you can stage with cheap tools, kids toys in the yard, or other items to make it look like someone is working and staying there.


Secure The Property Right Away

As soon as someone moves out, or you take on a new property, it should be secured immediately. Including the windows, and changing locks.


Communicate With The Neighbors

The neighbors are also a great alarm system. If you get along with them, they can help discourage strangers from coming around. As well as alerting you when there is suspicious activity on your property.


Build rapport with the neighbors. Often you’ll find they bring some of your best renter and buyer leads too.


Be Smart About Where You Buy

Local law enforcement and legal systems make all the difference in how common squatters are, and how long and expensive it is to get them out.


There’s a huge difference between how different states deal with squatters. Some states have been toughening up their laws and approach to preventing and getting rid of them. Some seem to favor squatters over owners.


Where you invest makes all the difference. This may also be a factor in calculating true risk adjusted returns.

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