What is an eviction? This is a process where the landlord never wins. It is a lawsuit to recover possession of property. But evictions should be avoided because even if the court rules in your favor, as a landlord you can’t get your time and emotions back. This almost always involves an unhappy landlord against an unhappy tenant. But there are many reasons why tenants are evicted. Anytime an eviction occurs this is bad, because it will be costly for the landlord or property owner. Trends and the economy play a big role in rental property and evictions.
- Americans spend over half their income on housing.
- Since the 90’s median rents have increased by 70 percent.
- Most Americans live check to check.
- Health and/or job loss can impact a household immediately.
- Divorce, or break up between couples or roommates.
- Four evictions are filed every minute
Unfortunately landlords are forced to evict a tenant at some point. If you’re using a good process it should be rare. If you’re evicting every tenant, it may be your qualifying process. While some tenants may fall on hard times and have unforeseen circumstances, other tenants make a habit of learning the eviction process so they can use it against you. Due to tenant rights and eviction laws it is usually drawn out, and can quickly turn into a nightmare…. All at your expense as the landlord. Tenants know what a hassle it is for the landlord and will try to talk their way out of it.
- Paying partial rent after the due date. SCAM… Here’s how.
Tenants will often give you their story of circumstances when the rent is due. They will offer to pay a portion of the rent with no intention of paying you the rest. This is the beginning of a long 2-3 months, and is called, The Eviction Process!! And the landlord never wins even if the court rules in favor of the owner. This is a nightmare for landlords, property managers, and property owners who depend on income from their investment properties.
“But I want to help them out” says the landlord…
When you accept partial payments, you have just accepted rent for that month. Now the tenant will live in the property for the rest of that month. You will then add on your late charges, the remaining amount for last month, and the current months rent. At this time they have not paid again, or they may try to give you another partial payment, because they know you’re “wanting to help them out” at this point.
But if you accept, you continue to drag the process on longer. Because when you stop accepting partial payments, you can begin to evict. Now you will need to file a 3 day notice and prove they received it. Tenants will take these down, throw them away, etc; it’s always best to have a police officer serve the 3 day notice… Yes, at your expense Mr. Landlord. Now let’s hope your case is heard within 21-25 days. So you’re at the 3 month mark with hardly any income on the property and legal expenses. If and when you are awarded possession you can now begin the cleanup process. If they were evicted, they probably didn’t leave it looking very pretty.
Are you the next unsuspecting landlord?
Even if you win the court case, the landlord never wins. You still have a house that is sitting with no immediate income, the expenses which include your time dealing with the matter, and repairs and/or make ready that must be completed before you can begin to lease the property again. Avoid this upfront and let us help you ensure your applicants are qualified and crime free.
By Jason Waggoner