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.
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Guest Insider
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!
Brandy Blazen
644 units with 1% in eviction located in San Diego.
Cindy Shearer
Screening times 3 when accepting new tenants. The last time we had to file eviction at our B property was in 2020.
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