Whether you're a seasoned landlord or a little wet behind the ears, dealing with tenant eviction is always intimidating. The bottom line is that no landlord wants to face the prospect of evicting tenants, but sometimes it's just unavoidable.
Eviction protection has never been more important for property owners, as statistics show that eviction filings are now 50 percent higher than they were in pre-pandemic years.
So, if you're looking for smart ways to protect your asset(s), here's what eviction protection entails, as well as some of the best preventative measures and strategies for eviction.
What Are the Top Reasons for Eviction?
First things first, what exactly is eviction?
It's a legal process where a landlord has the right to remove a resident from a rental property that they own. However, there must be just cause for an eviction filing and landlords must follow stringent legal steps in order to carry out an eviction lawfully.
Here are some of the top reasons for tenant eviction:
- Consistent defaults on rental payments
- Damage to the property
- Illegal activity on the property
- Violating specific terms of the lease
- Wanting to take possession of the property as the landlord
It's no secret that the eviction process is time-consuming and expensive for a property owner. This is why it's up to you to secure adequate rental property protection.
Eviction Protection: What Does it Entail?
Tenant eviction protection is one of the most important tools to have in your arsenal as a landlord. It's the best way to shield your investment from legal and financial woes. Three of the most important facets of eviction protection include:
- Legal Coverage - this ensures you have the best legal support during disputes and also assists with the cost of legal fees and court proceedings
- Financial protection - this ensures you have financial coverage for loss of rent and property damages, and also covers any financial losses during the eviction process
- Preventative measures - this includes important steps to safeguard yourself against unreliable tenants, such as tenant screening and lease enforcement strategies
Essentially, one of our top tenant eviction solutions is prevention. It's all about preventing issues from happening, or addressing them before they become serious. Some fail-proof methods include:
- Thorough tenant screening. Check their rental history, credit history, employment records, and criminal background
- Clearly written lease agreements are essential. They must stipulate lease expectations including rental payments, property maintenance, responsibilities, and penalties for late payments
It's also vital that you carry out frequent inspections of your property to get a feel for how your tenants are living and maintaining the space. This way you can catch major maintenance issues early on.
Find Rental Property Management You Can Rely On
Eviction protection is an absolute essential for any landlord. It's make or break for the protection of your assets and goes a long way in protecting your tenants from eviction, too. Not only this, but landlord protection plans offer you the ultimate peace of mind.
Whether you're looking for assistance with your tenant screening, finding the right San Diego rental insurance, or the tenant eviction process, Penny Realty Inc., is here for you.
Get in touch with us today for expert guidance on eviction assistance in San Diego.
