5 Easy Steps To Help Avoid An Eviction

Before going down the weedy path of Eviction Lane, keep in mind that court costs are the least of your worries. You may  have a mortgage, past-due rent, property turnover costs, locksmith, repairs, and the loud vacancy vacuum eating away at your income as well.

Here’s five suggestions to help landlords avoid an eviction and get back to greener Income Alley.

Provide Clarity

Past-due rent is one reason for an eviction, but not the only one. Damages, loud music, pets and filth may come into play as well, so have a strong lease that covers everything.

Encourage Communication

Have an open line to chat about anything, especially financial difficulties. Promote an open dialogue so that the tenant feels free to approach you without embarrassment – and listen well.

Have a Plan

When a good tenant has a temporary setback, consider forgiving some past rent or create a feasible repayment plan. Have a couple options for them to consider, so you come to a resolution as soon as possible.

Cash for Keys

One of the most effective alternatives to eviction is cash for keys. Yeah, we know paying a delinquent, non-paying resident to get your property back is hard to swallow. However, getting them out faster is cheaper than evicting.

The Power of Bureaus

When you have exhausted all options, there is still one card to play: report them to the three credit bureaus and be clear that it’s classified as unpaid rent. The thought of their credit score dropping like a lead balloon may help them find the rent money sooner (their wife will agree)!

I hope this was helpful and feel free to reply with any questions you may have or call me at 949-209-9494 or visit GenuineManaged.com to learn more about us.

Marcel Ford
Genuine Property Management

* We are not attorneys, financial advisors, tax experts, nor psychics so the information above we deem to be accurate but is not guaranteed.