As a landlord, the last thing you need is problem tenants who are late on payments, are constantly complaining, or refuse access to the apartment after a reasonable request has been made. Now, while you may not go into any lease agreement expecting a potential tenant to cause problems, unfortunately, reasons for evictions do happen.
When and if a tough situation arises, it is better to have the expertise of a property management company to help you through the legal process.
Current Bans & Regulations Around Eviction
With the ongoing pandemic, stay-at-home orders are in place to prevent the spread of Covid-19. While the statewide eviction moratorium that was issued via Executive Order Number 20-94 has expired, those renting in Florida are covered by the nationwide eviction moratorium issued by the Biden Administration via the Center for Disease Control and Prevention (CDC).
What this means for you, as a landlord, is that currently those who are unable to pay rent are protected against nonpayment of rent evictions – only.
Criteria for protection is as follows:
- Couples must earn $198,000 annually or less.
- Singles must earn $99,000 annually or less.
- Couples/Singles must demonstrate that they sought government help to pay rent.
- Declare that they cannot pay rent due to Covid-19.
- Affirm that if they are evicted, they will become homeless.
You can view the federal moratorium on evictions here.
The Value a Property Management Company Brings to You
Due to the ongoing pandemic, many landlords are facing difficult situations with tenants who are unable to pay but cannot evict due to the ban. And, where possible, need to fill in vacant spots with new tenants to gain income. A property management company can help with both of these issues.
Mitigation of Disputes Leading to Eviction
While the pandemic has put all landlords, businesses, and tenants into extremely dire situations, there are some steps that you can take to avoid future problems with new tenants that you bring in.
In hiring a property management company, they can use a strict screening process to match your rental property with tenants that are secure in their employment, place a high value on their credit, and fly through the application process without a hitch.
A property management company can ensure that only high-quality tenants are approved for renting space from you, reducing the need to evict in the future when the ban on evictions lifts. In addition to this, a property management company can help you craft agreement terms to help you get back on track with tenants that have been impacted by Covid-19.
Navigating Through Evictions & Tough Situations
If you are facing the tough situation of needing to evict tenants once the ban lifts on evictions, a property management company can work with you to provide legal assistance throughout the duration of the eviction process. In a lot of cases, they may be able to provide you with an attorney that can handle the eviction process on your behalf.
This ensures that everything is done through the proper channels and the correct paperwork is submitted. This increases your chances of securing a relatively quick and smooth eviction.
Beyond this, when hiring a property management company, you can ask to see if they have a tenant-guarantee service. This type of agreement often stipulates that if the tenant is removed from the rental property within “x” period of time, usually 6-months, that the tenant will be replaced without an additional placement fee.
Whether you are new to real estate investment properties or are a seasoned landlord, we would be happy to talk with you about our services here at Kanga Property Management.