• Discounts and special offers
  • Subscriber-only articles and interviews
  • Breaking news and trending topics

Already a subscriber?

By signing up, you accept Moneywise's Terms of Use, Subscription Agreement, and Privacy Policy.

Not interested ?

‘They would take it’

Bradley shared that, in the case of the house he purchased, he involved law enforcement to remove the squatters on grounds of trespassing.

However, such actions can come with repercussions.

When WPTV reporter Joel Lopez asked Bradley if squatters “retaliate” as they face eviction, the answer was affirmative.

“Oh absolutely. In this particular property, they broke multiple windows. We shut the power down. They'd break a window. It's three units. They'd break a window in another unit and get in. Anything they could unbolt or take, they would take it,” Bradley recalled.

He added that such situations can impose considerable financial burdens on homeowners, stating, “It's costing a lot of people $1,000, $2,000 a month to hold these houses… let alone if they're not getting rent and people are destroying it. It's costing people a lot of money.”

Stop overpaying for home insurance

Home insurance is an essential expense – one that can often be pricey. You can lower your monthly recurring expenses by finding a more economical alternative for home insurance.

Officialhomeinsurance can help you do just that. Their online marketplace of vetted home insurance providers allows you to quickly shop around for rates from the country’s top insurance companies, and ensure you’re paying the lowest price possible for your home insurance.

Explore better rates

DeSantis to the rescue?

In March, Florida Governor Ron DeSantis signed HB 621, a bill aimed at protecting property rights, offering homeowners solutions to combat squatting and increasing penalties on squatters.

“We are putting an end to the squatters scam in Florida,” DeSantis said. “While other states are siding with the squatters, we are protecting property owners and punishing criminals looking to game the system.”

This new Florida law allows property owners to request law enforcement to immediately remove a squatter from their property if certain conditions are met: the squatter has unlawfully entered and stayed on the property, has ignored the owner's request to leave, and is not involved in a legal dispute as a current or former tenant.

In other states, the approach to handling squatting can be vastly different.

For instance, in New York, squatters are “classified as tenants and receive temporary rights as such” after occupying a property for 30 days.


This 2 Minute Move Could Knock $500/Year off Your Car Insurance in 2024

Saving money on car insurance with BestMoney is a simple way to reduce your expenses. You’ll often get the same, or even better, insurance for less than what you’re paying right now.

There’s no reason not to at least try this free service. Check out BestMoney today, and take a turn in the right direction.

Jing Pan Investment Reporter

Jing is an investment reporter for MoneyWise. He is an avid advocate of investing for passive income. Despite the ups and downs he’s been through with the markets, Jing believes that you can generate a steadily increasing income stream by investing in high quality companies.


The content provided on Moneywise is information to help users become financially literate. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter.