What percentage of evictions are you seeing at your properties? I will go first

Topic Author

Sarah Yadira Hong

Posts: 7
Thank you received: 1

5 months 3 weeks ago #643699 by Sarah Yadira Hong

What percentage of evictions are you seeing at your properties? I will go first was created by Sarah Yadira Hong

Multifamily friends, in terms that of evictions, what percentage of evictions are you seeing at your properties / portfolios?
Please provide region and percentage.
I will go first, B+, Market Rate Portfolio in San Diego, CA has 2.5% of residents in eviction.
Interested to see how everyone is fairing out during these tough economic times.

5 months 3 weeks ago #643699 by Sarah Yadira Hong

Miles Scruggs

Posts: 47
Thank you received: 5

5 months 3 weeks ago #643700 by Miles Scruggs

Replied by Miles Scruggs on topic Re: What percentage of evictions are you seeing at your properties? I will go first

Wow that seems high. SE WA and we are at 0.2%. That seems odd to differ by a whole order of magnitude.

5 months 3 weeks ago #643700 by Miles Scruggs

Chelsea Santiago

5 months 3 weeks ago #643701 by Chelsea Santiago

Replied by Chelsea Santiago on topic Re: What percentage of evictions are you seeing at your properties? I will go first

I manage 9 communities in the nc triangle, only had one for holdover last month but this month I’m filing on at least four

5 months 3 weeks ago #643701 by Chelsea Santiago

Megan Gerhardt

5 months 3 weeks ago #643702 by Megan Gerhardt

Replied by Megan Gerhardt on topic Re: What percentage of evictions are you seeing at your properties? I will go first

I’m at a B property in central Texas and I’ve only evicted 2 people in 2 years.

5 months 3 weeks ago #643702 by Megan Gerhardt

Topic Author

Sarah Yadira Hong

Posts: 7
Thank you received: 1

5 months 3 weeks ago #643703 by Sarah Yadira Hong

Replied by Sarah Yadira Hong on topic Re: What percentage of evictions are you seeing at your properties? I will go first

Most people I’ve asked in San Diego, CA are between 1.5 to 2.7% of residents currently in evictions.

5 months 3 weeks ago #643703 by Sarah Yadira Hong

Ellen Bradstreet

5 months 3 weeks ago #643704 by Ellen Bradstreet

Replied by Ellen Bradstreet on topic Re: What percentage of evictions are you seeing at your properties? I will go first

All my years in So Cal I always saw fairly high percentages for evection. What did help over time was instituting higher security deposits. Example: requiring $750 on approval rather than $250. This process took a long time to implement but it really helped bring down those eviction filings. End result was it brought it from over 3% down to .5 - 1.5% Best of luck to you!

5 months 3 weeks ago #643704 by Ellen Bradstreet