When you invest in property, especially rental property, it can be a rewarding decision. But it can also be challenging with many routine tasks which are necessary but cumbersome. Maintenance is always a problem which has to be done on an ongoing basis if the property is to retain its value. All features of the rental property must be in good working order for the satisfaction of the clients. This is an obligation the property owner has to fulfill.
The Last Recourse
But there is an even more disturbing side to rental property ownership. This is when a tenant breaches the rules and regulations of the lease agreement leaving the owner of the rental home with no option but to go through an eviction process. The Landlord and Tenant Act clearly define what both parties must abide by, and when the tenant does not comply with the terms the landlord is forced to exercise tenant eviction.
Many property owners who buy rental condos and homes as an investment prefer to leave the management to professional property management companies. There are certain very distinct advantages to this arrangement because a fabulous property management company takes care of all routine tasks associated with the property including those less pleasant tasks like tenant eviction.
The Full Gamut
A property management company which is well-established and has earned a reputation is a distinct asset to a property owner because it is able to ensure optimal occupation at the best rental rate. It also operates through a skilled staff and could well have an in-house maintenance department who looks after day-to-day maintenance where speed is of the essence. The property management company takes care of advertisements in the right locations, screening of prospective tenants, and concluding lease agreements. It also takes care of tenant eviction keeping the landlord insulated.
Lack of Respect
An eviction process starts with a verbal warning and providing adequate time for the tenant to remedy the problem. The most common issue which landlords and property managers face is failure by tenants to pay the rent. If the tenant is habitually late the manager will first warn the tenant verbally. If that doesn’t work the next step is to issue a written warning by registered mail which provides proof of delivery even if the property owner/manager resides in the same building. If the tenant still defaults then tenant eviction is the next step.
Notifying the Sherriff
The property manager will have to file an eviction case in the appropriate court. During the hearing, both sides will be asked to present their respective argument. If the case is held in favor of the landlord or manager, the tenant has wait 2 to 5 days to vacate the premises. If the tenant still does not vacate, the town sheriff will have to be approached to enforce the court’s order.
Self-eviction is not allowed by most states. A proper legal process has to be followed or else the tenant might sue for wrongful eviction in a civil court. An eviction process could take anywhere from 1 to 7 months and does not absolve the tenant from back rent. The legal fees will have to be borne by the party found to be at fault.
Keeping their Hands Clean but not Unwilling to get them Dirty
Talley Properties Inc. of Charlotte, NC is a property management company now in its fourth decade of service to the community (many of them). This property management company which specializes in mid-range to high-end residential and commercial properties in and around the Charlotte region is meticulous about the screening process to avoid having to seek recourse to tenant eviction. Landlord satisfaction is highest on its agenda followed by tenant appreciation which is why the company’s track record on evictions is well below the industry standard.
If you are looking for a top-quality property management company to take charge of your properties call Talley Properties at 704.332.2203 and check the company out at http://talleyproperties.com/.