There are a few reasons a landlord may want to evict a tenant, but the primary reason is because the tenant fails to pay rent. In fact, according to TransUnion research 84%* of landlords say payment problems are their number one concern about new tenants. To ensure that your property continues to bring in revenue, you need to have quality tenants. If a tenant is behind in their rent and losing you money, you will likely want to quickly replace them with a tenant that can pay their rent. However, legal evictions can be costly and time-consuming. While large property management companies often have the resources to absorb the cost of an eviction, this is not the case for many independent landlords.The formal eviction process is governed by your state’s landlord-tenant laws. Often, evictions will require notice to the tenant, filing a court action against the tenant, and seeing the eviction through a lengthy eviction process that may require a hearing.
If you think it sounds like a lot of time and effort, you are correct. The eviction process is both expensive and time-consuming, especially when you consider that it could be prevented with a thorough tenant screening before they move into the property. Expenses extend farther than the cost of the eviction itself. They also include other related expenses that you may not have factored in. Maintenance fees, lost rent, court costs, and other legal fees are all part of an eviction.
Rainier Management
4505 Duval Street
Austin, TX 78751
512-451-9855
www.rainiermanagement.com