An eviction protection plan is probably one of the best programs a property manager can offer. Basically, it’s designed as a large insurance policy that is collected into a pool of money from all individual owners who participate. If a tenant stops paying rent and you need to file for an eviction to take back possession of the property, it’s easy to do and it won’t cost you money.
Advantage of Having an Eviction Protection Plan for Your Atlanta Rental Properties
Your eviction protection program will not only save you money if you have to evict, it will also take the heart and emotion out of the process. You can keep your Atlanta rental properties functioning as a business. Your lease might state that rent is due on the first of the month and then considered late on the fourth of the month. Perhaps there is a final late fee on the 10th if the rent has not been paid, and then on the 12th, eviction proceedings begin. Your eviction protection program will allow you to follow that lease precisely and not get caught up in excuses and stories from your tenants. Property owners can get emotionally involved and start to feel bad about evicting a tenant who isn’t paying, and that holds you up and keeps you back from doing what needs to be done.
When you have an eviction protection program, you or your property manager will be able to follow the structured lease requirements at no cost to you. Either the tenant will pay immediately when the eviction procedure begins or you find the case in the court system and the tenants will be removed from your property.
It’s a Business You Are Running!
No one likes to evict tenants, but property management and Atlanta rental properties’ ownership is like running a business. You want your investment to be successful and an eviction protection plan helps you with your investment goals. It’s one of the best programs you can be involved with and if your management company offers it, we strongly recommend that you take advantage of the plan. It keeps you on track and helps you stick to your own policies. You can consider it a win for you and your Atlanta rental property.
If you’d like to hear details about our eviction protection program, or you have questions about how it works for your Atlanta rental properties, please contact us at Property Services of Atlanta, and we’d be happy to help you.