From February to December 2023, the Los Angeles Housing Department (LAHD) received a staggering 77,049 eviction notices. Most (a whopping 96%) were for non-payment of rent. The non-paying tenants owed their landlords an average of $3,774.
Unfortunately, the costs of evictions to landlords don't stop at unpaid rent. There are also fees involved in filing and serving evictions. And the longer the eviction case goes on, the more passive income landlords lose.
Luckily, there are eviction protection plans that help shield landlords like yourself from such losses.
This guide discusses why you need such plans, so read on.
Minimize Hefty Eviction-Related Costs
Eviction protection plans are subscription services offered by full-service property management companies.
Once you hire a property manager and subscribe to their eviction protection plan, they'll screen tenants on your behalf. Now, if they must evict one of the tenants they've screened, they'll handle the entire eviction process.
That includes filing the eviction case and paying a specific amount of the related costs. If you work with PMI County Line, we'll cover up to $2,000 of eviction fees.
So, with eviction protection, you can worry less about the hefty cost of evicting tenants from your LA rental properties.
Avoid the Burden of Evictions
Eviction is a stressful and time-consuming legal process that starts with you, the landlord, issuing a notice to the tenant you want to evict. It should inform the tenant of the reason for eviction and can be a 3-, 30-, 60-, or 90-day notice.
Suppose you want to evict the tenant due to non-payment of rent. In this case, the tenant can still pay their dues to avoid the eviction. But if they don't respond to the notice, you can file an eviction case called "Unlawful Detainer."
You must file the Unlawful Detainer with the court. Once filed, the court will schedule a hearing date that you and the tenant must attend. During the hearing, the court will decide on the case's judgment.
You don't have to go through all that yourself if you hire a property management company offering eviction protection. They'll represent you throughout the entire process of evicting a tenant.
Find Qualified Tenants
An eviction protection plan immediately covers tenants screened by your property manager. Therefore, if they had to evict the renters they screened, their income and profits would also be on the line.
That's why you can expect them to do everything in their power to find qualified tenants who will pay on time and will not break the lease.
Safeguard Your Income With Eviction Protection
Los Angeles's high eviction rates should be enough for you to invest in eviction protection. This way, you can worry less about the stress and financial burden that evictions can bring.
PMI County Line offers eviction protection with our full-service property solutions. We're a proud member of PMI, a nationwide property management company with over 20 years of service. Thus, we have what it takes to fulfill all your property management needs, including tenant screening, rent collection, and property maintenance.
So, schedule your consultation with us today! We look forward to discussing how we can help your rental business.
