Even when everything is done to prevent an eviction, circumstances can change for tenants and if they stop paying rent, legal action will become necessary. If you aren’t already participating in an eviction protection program, now is the time to learn more about what your property manager has available.
Smart property owners do everything they can to screen tenants with a careful and rigorous application process, but many of them learn the hard way that collections and evictions are inherently a part of doing business in this industry. Evictions are usually unexpected and they are always expensive. Standard court fees are just the beginning. A contested eviction can take months to resolve and there may be additional legal actions that add to your cost. Evictions get even more expensive when they aren’t handled in compliance with local, state and federal laws. Mistakes can cause expensive delays and stiff financial penalties. They can also take a huge emotional toll on landlords, especially when they aren’t done correctly. You have to approach evictions from a legal position and not turn them into personal matters. Threatening tenants and following unethical collection policies can lead to a lawsuit. It can also lead to further financial loss and damage to your home caused by an angry tenant.
Contact us at Real Property Management and we will help you make your property more stable by providing an eviction plan that’s more reliable.