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It's estimated that each year landlords file roughly 3.6 million eviction cases with the courts. Anyone involved in property rentals knows that evictions need to be avoided at all costs. Not only are they painful for the tenant, but they're also time-consuming and costly for the landlord.
Sadly, avoiding evictions can be easier said than done. However, the answer might lie in an eviction protection plan. But what are eviction protection plans? And why should you consider them for your rental property in Austin, Texas?
In this guide, we'll walk you through everything you need to know about this important property management tool.
What Is an Eviction Protection Plan?
An eviction protection program is a specific type of service that some property management companies like PMI Austin Experts offer. Here's how it works.
First, the property management company provides an extensive screening process on any possible tenant for your rental property. During this screening, they'll determine whether or not the person represents a potential eviction threat.
Because they're confident in the screened tenant, the property management company will cover the costs if the tenant refuses to pay. They'll also handle the whole eviction process.
Why Is an Eviction Protection Plan Important?
Even a model tenant has the potential to violate their lease agreement. No matter how much you prepare, if you're renting you're eventually going to encounter an eviction notice. Without protection, evictions are a time-consuming and costly endeavor.
What's worse, there's no guarantee that you'll get the money you're owed. If your tenant fights the eviction process, there's a chance they could win.
One article found that if a tenant has an eviction lawyer, they have an 85% chance of not getting evicted. An eviction protection plan takes away all of the burdens associated with these painful and stressful situations.
How to Find the Right Eviction Protection Plans in Austin, Texas
When selecting an eviction protection plan, you want to make sure to go with a property management company that's upfront about what they'll cover. For example, here at PMI Austin Experts, we'll cover up to $2,000 for potential eviction costs.
The last thing you want is to pay for a plan only to find that it doesn't cover what you need. Next, you want to make sure they have experience in dealing with evictions.
These are complicated legal processes and past knowledge is essential for navigating them effectively. Lastly, check their online reviews. This will give you a better sense of the company.
Ready for the Property Management You Deserve? Contact PMI Austin Experts
We hope this guide helped you learn more about eviction protection plans. Here at PMI Austin Experts, we want to ensure that property owners get the most out of their investments.
That's why we not only offer eviction protection plans but also a variety of property management services. With our flexible offerings, we can be as hands-on or hands-off as you need us to be.
So, if you want to find out how we can make property management easier for you, contact us today.
