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Rental Property

Property Management and Evictions

Property Management Evicted

Eviction is one of those subjects that owners and tenants dread and feel unsure about. When it comes down to it, if both the property manager or owner and the tenant adhere to the lease, then no worries for anyone.  However, sometimes evictions become necessary. Miscommunication arise or people do not keep their word even if a signed contract is in place. This unfortunately, leaves all parties involved in an uncomfortable position. Eviction becomes necessary when the lease is not upheld by the tenant, and most often when the rent is not paid.  Leases are in place to protect both the tenants and the property owners.  If the lease is breached, then the Eviction process is in place to rectify the issues.  It allows the tenants time to correct whatever the problem is, whether it be past due rents or needed repairs, and in the event the issues are not resolved in that time frame, it gives the tenant a certain amount of time to remove themselves and their items from the property.

Property Manager Greenville Eviction Notice

Most states require a legitimate reason for eviction filing. These reasons might include, illegal activity, not paying rent, damage to the property, etc. The usual form filed is called an Application for Ejectment, but there are other ways to file.  One way is an unconditional quit notice. This means that the owner is evicting the tenant without giving them a chance to fix the issue. Many notices allow you to remedy the situation in order for you to avoid eviction. However, if the tenant has repeatedly broken the lease or was involved with something such as drugs, then the owner has grounds to serve an unconditional quit notice. Which means the lease is being terminated and the tenant must remove themselves from the property immediately. If they do not, the landlord can open an eviction lawsuit.

Other types of notices involve, pay rent or quit notices and cure or quit notices. Pay rent or quit notices mean either pay the rent that is due or “quit” which means to move out and quit on the lease agreement. Cure or quit notices are when a tenant has violated the lease agreement and they are given a certain amount of time to remedy the violation (such as getting rid of an animal that didn’t meet lease guidelines) or they can quit (move). If a tenant does not choose either option with both of the notices previously listed, they can face an eviction lawsuit.  

Renter Eviction Notice

In most states, a landlord does not need to give notice to the tenant prior to filing the eviction.  Most leases have a paragraph describing the eviction rules of a particular Landlord or Property Manager. Landlords must have cause to file. However, a tenant does have rights, and the tenant can request a court hearing and have their case heard in front of a Summary Court Judge.  If a hearing is requested, their case will be heard and things can be sorted out. The judge can then make the decision as to who is at fault and what the remedy is.

Renter Referral Greenville SC Property Management

There are consequences to having an eviction filed against you the tenant.   Eviction notices can leave your renting record tarnished. If you ever wanted to buy property of your own, lenders often ask for a reference from previous landlords. So, if you are a tenant, read, understand and abide by your lease. If you are unsure of what your lease says about something, call the property manager to clarify.

If you are a landlord, have a clear and concise lease that does not leave room for a lot of questions. If you are fair and open with the tenant at the beginning of the lease, then most likely your tenants will respect you and there will be no problems during their tenancy.

Overall, eviction is a last resort action for most Landlords and Property Managers. Unfortunately, being a successful Property Manager does sometimes require these legal actions.  It is always good to know the options if problems arise. 

Eviction Notice On Door Greenville SC

Top 9 Questions to Ask When choosing a Property Management Company

Top 9 Questions to Ask When choosing a Property Management Company

 

When looking to hire a property manager, it can be a difficult choice. The decisions they make could result in you making money on your property versus losing money. If you are unsure what questions to ask when dealing with property managers, you have come to the right place. We have listed some top questions suggested when considering to hire a property manager.

1.     How long have you been a property manager?

You don’t want to get stuck with someone who has no idea what they are doing. Make sure they have a proven track record of property management.

2.     How many units are you currently managing?

If they have too much on their plate, they will not be able to effectively take care of your needs. Magnolia Rental Property Management believes you should choose a company that handles at least 100 units. Not only does this mean they have their name out there but it also means that they should be great at handling multiple properties.

3.     How many vacancies do you have right now?

Find out how many units they have and compare their vacancies with the local market. If their vacancy rate is higher, this could be a sign that they are not very good at getting properties filled.

4.     What are your management fees?

This is, of course, a big one. Many property management companies just take a percentage of the rent. However, you want to make sure their rates are competitive.

5.     Do you charge a fee when my unit is vacant?

Ideally, you don't want to be paying for services on a house when you’re not getting rent money in return.

6.     What is your pet policy?

We all know that pets are a questionable subject because they can damage properties. You want to make sure that your investment is protected and its care is within your comfort zone.

7.     What are the income qualifications?

Evictions can be unpredictable and unpleasant as well as take up a lot of time. It’s nice to get a tenant that has a stable income without having to worry from month to month if they are going to pay.

8.     Does Your Lease Agreement Protect My Property?

Most places will use the local property lease that has been reviewed by lawyers to ensure it is covering the laws in the area. Make sure the lease requires a security deposit to cover any potential tenant damages, and it requires tenants to do certain routine maintenance items.

9.     What do your services cover?

This is perhaps one of the most important questions because you want to make sure that your money is going to good use and that all your needs are covered.  Make sure you have a good understanding about the services provided by the Property Manager you choose.  Then sit back and let them do what they are good at, which is making your investment property bring in a good income for you, the owner!