In a perfect world, rent would be affordable for everyone, tenants would care for your property as if it were their own, and you would never have to evict a tenant. Unfortunately, the rental world is far from perfect and with eviction rates rising, it is more likely that you may have to evict a tenant from a residential property you own. Having a property management agency can make the process easier and protect you before, during, and after an eviction.
Reduce the Chances You Will Have to Evict a Tenant
The best way for you to protect yourself from having to evict a tenant is to find a responsible tenant that can abide by the terms of your lease and pays their rent on time. Although this should be easy, it can be difficult to find a trustworthy tenant, or to spot a tenant who will eventually damage your property. While you can run credit checks and require criminal background checks from your potential renters, a property management agency is more likely to know which background checks are necessary and can more easily spot red flags on a rental application.
Property management agencies can pay for background and credit checks in bulk, reducing the cost for each individual check. They can pass those savings onto you and your potential tenants and, more importantly, you can be sure that you will get a tenant that you can trust.
Protect Your Personal Information from an Evicted Tenant
If you give a property management agency full control over the renting of your property, there will be two contracts. One will be between you and the agency and the second will be between the renter and the agency. This means that the renter will not have your name, address, or telephone number.
This can protect you in case an evicted tenant wants revenge for their eviction. It also prevents you from having to accept calls concerning late rent or possible eviction at inopportune times. Your agency will handle the 24 hour service for your property and call you during working hours or another agreed upon time.
Handle Legal Procedures On Your Behalf
Eviction procedures are relatively quick when compared to other legal matters. There are strict rules that the landlord or property manager must follow if you want the tenant off of the property as soon as possible, though. A property management agency is more likely to have experience with the proper legal forms and delivery method for each type of eviction. If you agree to let your property management team from site like http://www.northstarpropertyservice.com handle an eviction, they can usually file all documents on your behalf. Unfortunately, you will most likely have to make a court appearance but, other than that, you will spend very little time handling the legal side of the eviction.
Provide Property Restoration After an Eviction
Sometimes, evictions are served because a tenant damages your property. Other times, tenants become disgruntled when they are served an eviction notice and destroy your property as a type of revenge. A property management agency can help you navigate your insurance claim or any legal suits you file against an ex-tenant. Many agencies also offer restoration packages after a tenant moves out of a property, whether they were evicted or moved at the end of their lease.
Protect You From Revenge Lawsuits
Landlords have the right to enter the premises of a rental property under certain circumstances. When and how they contact the tenant is also controlled by state laws. If you do not handle an eviction properly, a tenant may try to claim you harassed or stalked them. A property management agency knows how and when they can contact tenants or enter properties and can remain professional during emotional situations, which will protect you from any harassment lawsuits.
Evicting a tenant can be a stressful event for a landlord. Having a property management agency handle the process will make it quicker and easier for everyone involved.Share