New York City saw over 120,000 eviction filings in the past year alone.
As an NYC landlord, you never want to be dealing with evictions. Going through them is a huge source of stress, not to mention the fact that they make it difficult to run a successful property. They take time and if you don't go through the process correctly, you could end up in hot water.
This is one of the reasons why many a real estate investor chooses to hire property management. Today, we'll explain the types of services property managers offer, including the reason you should take advantage of your property manager's eviction services. Keep reading and deal with evictions the right way.
Eviction Protection Explained
If you've never had a property manager before, you may not be aware of eviction protection services. An eviction protection program deals with evictions on your behalf while covering the expenses associated with evictions.
Of course, there are always terms with eviction protection. For example, the tenant almost always has to have been chosen by the property manager. Likewise, eviction protection may not cover lost rental income or property damage, and they may have to pay their legal fees and fines.
That being said, all eviction protection terms are different. The best thing to do is talk to a property manager to find out more about eviction protection.
Legal Help
The most important part of eviction services is the legal expertise that you get. Carrying out an eviction has very specific requirements in Rockland County, NY. Doing anything incorrectly, such as attempting a self-help eviction, can result major penalties.
Your property manager will handle the eviction for you and do it legally. In the end, your property manager's legal knowledge will help you streamline the eviction process so that you can rid yourself of the poor tenant quickly.
Preventing Future Evictions
Another aspect of property management is eviction prevention. A good property manager will market your property, screen tenants, and inspect the property to ensure current tenants aren't behaving poorly.
Property marketing helps you cast a wide net for rental vacancies. With strong real estate photos, a detailed property description, and marketing tactics, you can appeal to thousands of NYC renters.
Once you have applicants for your rentals, you need to vet them. Property managers can handle tenant screening on your behalf. This involves looking into an applicant's financial and personal background to ensure they're a good fit.
With a seemingly good tenant in your rental, you still need to inspect the property. A property manager can perform regular inspections, including move-in/move-out inspections to protect your investment.
Looking After Your Rockland County, NY Real Estate
Evictions are never ideal. When you have a property manager handling them, however, you can rest easy knowing your property is being looked after. Now that you know why eviction protection is important, it's time to find the best property manager available.
PMI Properties is one of Rockland County, NY's top property management firms. We offer a range of services that includes everything mentioned here and more.
Contact us today to learn how we can help you protect your investment.
