Even when you do everything right with your tenant screening to prevent an eviction, circumstances can make removing a tenant necessary. If you’re not already participating in the eviction protection plan offered by RPM, now is the time to learn more.
Financial Risks of the Eviction Process
While smart property owners do everything they can to avoid evictions through a careful and rigorous rental application process, too many of them learn the hard way that collections and evictions are inherently a part of doing business in this industry. Simply put, evictions are often unexpected and they are always expensive. Standard court fees are just the beginning. A contested eviction could take months and require additional legal actions that add to the cost. Evictions can get even more costly when they are not handled in compliance with local, state, and federal laws. Mistakes can cause expensive delays and stiff financial penalties.
Legal Risks of the Eviction Process
There’s also an emotional toll when evictions are not handled properly. You need to approach the process from a legal perspective, not a personal one. Threatening and unethical collection practices could lead to a lawsuit. It could also lead to further damage to the home and destruction by an angry tenant.
Eviction Protection Program
To help clients avoid the risk and financial strain that an eviction can have on cash flow, RPM offers a comprehensive eviction protection program. This is available for any tenant that RPM places. For a low monthly fee per property, we will pay the filing fees, legal fees, and court costs that are associated with an Unlawful Detainer. This doesn’t cover a Writ of Possession or set-out costs if a tenant’s belongings have to be forcibly removed. However, it does substantially reduce your financial risk and increase your peace of mind.
Our eviction protection program makes your investment more stable and profitable. With nearly 30 years of experience in property management, no one knows better how to protect property owners in the southern Maryland region. If you have any questions about how to avoid eviction, please contact us at Real Property Management Gold.