self-managing landlord
The Cost of an Eviction
Learn more about the cost of an eviction by reading the full article, The Cost Of An Eviction, written by the experts at Rincon Property Management.
The prospect of an eviction is not something any landlord wants to think about. For self-managing landlords, this process can be even more complicated and confusing without professional help. Although there isn’t a way to ensure an eviction never needs to occur, there are a few steps you can take to avoid going through an eviction.
Proper vetting
Vetting your tenants properly is perhaps the best way to avoid an eviction down the road. Looking into rental history, checking references, and ensuring applicants meet all of the listed criteria can rule out common issues, or alert you of individuals who have previously run into trouble with rentals. Additionally, ruling out those who do not meet the income requirements for the property can reduce the likelihood of rental payment issues arising. To learn more about things you should do during an eviction, read our article discussing the topic here.
If you are self-managing a property, it can be difficult to determine how to best go about the vetting process. To learn more about vetting tenants, you can read our related articles, here.
Understanding your options
Make sure you understand all of your options before a tenant enters the property. It is essential to look into all possibilities and to prepare to protect yourself and your property. If you recognize information gaps, it can be helpful to seek the insight of professionals. Hiring a property management company can provide peace of mind, manage emergencies, and aid in handling legal issues. In some cases, a self-managing landlord may choose to seek professional legal help directly.
To learn more about what kind of support you may need to best avoid, or navigate, an eviction, read our full article, The Eviction Process: The Good, The Basics and The Ugly.
Having a professional to help you from the start will reduce the likelihood of mistakes. The vetting and leasing process is incredibly important as it can weed out applicants who do not qualify.
Follow the correct process
An eviction is a formal process. In our article, What Happens If A Tenant Stops Paying Rent, we detail how this process happens, and what steps must be taken prior to eviction. You can view this article here. The process can vary slightly depending on your location.
If issues arise that must be addressed, make sure you follow the correct process. As outlined in some of the articles in this series, there are steps that must be taken prior to an eviction taking place. There are also restrictions depending on the state, lease agreement, length of tenancy, and more.
Providing notices, or in special circumstances such as applying for rental assistance during the COVID-19 pandemic, can in some cases remedy the lease violation or debt.
Eviction can be costly, and this is why it is so important to do proper vetting in advance, understand all of your options clearly and then follow the correct process so everything can go smoothly. Read the full article, The Cost of an Eviction, here.