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What Is a Rental Home Eviction Protection Plan?

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Marina Shlomov - Wednesday, January 21, 2015

For many property investors, evicting a tenant is one of the most stressful and unpleasant aspects of owning rental properties in Stone Mountain and beyond. When you opt for a Decatur or Stone Mountain property management company with a rental home eviction protection plan, you can rest easy knowing you won’t have to spend a lot of time, effort or money evicting a problematic tenant.

Eliminates Unexpected Expenses

Evictions can sometimes be sudden and unexpected, particularly if your tenant has had a good track record of paying rent in-full and on-time. Due to the many fees involved, evictions can often be quite costly.

For a small monthly fee, an Atlanta property management company will take care of many of the costs related to the eviction process. The company will typically set a maximum amount, for example $1,000, of eviction-related expenses they will cover.

Some of the fees covered by a rental home eviction protection plan include eviction filing, court costs, process server, writ of possession, judgment, locksmith and the costs to remove the tenant’s belongings and place them on the curb.

Saves You Time and Effort

It is unfortunate, but the possibility of an eviction is a risk for every landlord with homes for rent in Deactur and elsewhere. While sometimes evictions are due to lease violations, such as unauthorized pets or occupants or other misuse of the property, most evictions are because of non-payment of rent.

Everyone can fall on hard times, even if your tenants were highly qualified and no matter how well they were screened. The hard times can be due to unemployment, divorce or illness. As a property owner, you may sympathize with a tenant who is struggling, but it is likely you need their rent payment to pay the mortgage. When your tenant stops paying rent, usually the only way to remove them from the rental home is to evict them.

You likely have many other responsibilities that require your time and attention. Tasks, such as sending the tenant late notices, filing paperwork with the court, locating an attorney and attending court, take up a large amount of time. Your Stone Mountain or Decatur property management company will take care of these tasks and more, which means your time and energy can be spent on other matters.

What the Plan Does Not Cover

While you are protected against many expenses, there are some things a rental home eviction protection plan does not cover, such as unpaid rent, a jury trial, damage to your property and any costs related to a tenant’s win in court.

When you own a rental home, maximizing your cash flow is often a top priority. Months of unpaid rent and high eviction costs could put your own financial stability in jeopardy. While an eviction protection plan won’t replace your lost rent, it can quickly and efficiently help you take care of evictions and prevent your finances from going further into the red.

If you would like to learn more about rental home eviction protection plans and other services available for property investors, contact us. We have an experienced team of Atlanta property management specialists ready to take care of your single rental home or large portfolio of rental properties in Stone Mountain and beyond.

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