In Merced County, CA (whose county seat is the City of Merced), over one in three households spend at least a third of their income on housing expenses alone. It's no wonder the eviction rate here is 1.8%, slightly higher than the U.S. average of 1.1%.
The good news is that eviction protection plans can help safeguard your rental income from the high costs associated with these legal matters. It can even help lower your risks of having to evict tenants in the first place.
We'll discuss the most crucial things you need to know about eviction protection, so read on.
How Do Eviction Protection Plans Work?
An eviction protection plan is a subscription service rental property management companies provide. It includes tenant eviction services. It also provides eviction coverage for the tenants they've screened and placed.
So, if you must evict such renters, your property investment protection plan would kick in. It will then help cover some of your eviction-related costs.
Your property manager will also help you before, during, and after the eviction.
First, they'll issue your tenants with the mandatory eviction notices. In Merced, CA, landlords must serve the correct type of eviction notice based on the specific reason. The most common is the 3-day notice, used for non-paying tenants or those who've broken their lease.
If the tenants fail to respond to the notice, your property manager will bring the matter to court. They'll file the appropriate documents and start the eviction process on your behalf. They'll use the funds allotted by your protection plan to cover costs like court filing fees and paying for Sheriff services.
Once the court has finalized the eviction, your property manager will coordinate the repossession of your property. They'll also oversee its inspection, maintenance, and repairs, ensuring it's move-in ready. They'll then market and re-furnish it with qualified tenants.
Why Get Eviction Protection?
The fact that professional property managers have thoroughly screened the covered tenants should give you peace of mind. Screened tenants have passed rigorous employment, income, credit score, credit history, rental, eviction, and criminal background checks. So, they're typically highly qualified tenants you can trust to:
- Have the financial resources to pay rent on time
- Be of good moral character
- Care for and respect your property as if it were theirs
Still, stuff can happen, leading to your once-exceptional renters being unable to pay rent. In that case, you'll be glad you have eviction protection to cover some of the expenses you'll incur when filing an eviction case.
Let PMI Merced Protect You From Evictions
Now you know that eviction protection plans can help cover some of the costs of the evictions in Merced, CA. It can also lower your risks of dealing with evictions, as it includes thorough tenant screening.
At PMI Merced, we provide full-service property management solutions throughout the Merced, CA, area. We're proud of our high-quality work, so we can confidently back our services with eviction protection coverage of up to $2,000. We also have other lease security measures in place, including service guarantees.
So, schedule your consultation with us today! We look forward to protecting you and your properties from the cost and stress of evictions!
