In Europe such debt collectors are notorious for very direct intimidation. But people at least still call them gangs instead of startups.
In Europe such debt collectors are notorious for very direct intimidation. But people at least still call them gangs instead of startups.
Edit: Does someone care to share how the above statement is factually incorrect?
Then you add on the cost of a management company - 10% of rent + up to 50% of the first month’s rent. The only people who I know that can stay cash flow positive are those with no or a low mortgage and/or are very hands on with maintenance and repairs.
We've watched other companies in the startup space with lives on the line cut corners---What are the odds that this is going to go well?
After you go through the eviction process, you schedule someone from the sheriff’s office to monitor the process and you get some day laborers if you don’t know anyone personally.
The other startups are in danger of civil penalties and fines. If you go into your own rental property and evict someone illegally, you personally can be charged with trespassing, assault, criminal threats, etc.
It’s really not even worth the civil penalties. The tenants can stay on your property longer and even when you do evict them, lawyers love suing landlords on a contingency basis.
You run a legitimate protection business. Of course you wouldn't extort money by breaking store owners' legs. ;)
Setting up a situation where there is risk of breakdown and structuring that situation so if the breakdown happens, all of the responsibility falls on the gig workers who lack the means to defend themselves and none of it falls on the company making all the money is an already understood pathology of the gig economy. Uber has spent so much time, effort, and money trying to convince legislatures and courts that they don't have any employees providing ride services for a reason.
The sheriff is responsible for removing the person. You and your crew that you have hired is responsible for removing items and changing the locks. You aren’t responsible for any damage to personal items or what happens when you put them on the side of the road - where you are legally required to put the items at least for a single tenant house.