Having a rental property can be a lucrative way to build wealth. Yet, there are many things about being a landlord that you should consider first.
It can be helpful to understand rental leasing and leasing management in its entirety before becoming a landlord. Being a successful landlord is also very dependent on having the right tenants.
You want to have a process for rent collection, in addition to tenant screening evictions. Since tenants are allotted eviction protection in some instances in Texas, knowing what they are can help you be better prepared.
If you are wondering how eviction protection works here's what you need to know and what you can do about it as a landlord.
What Is Eviction Protection?
In Texas, due to the COVID-19 pandemic, certain eviction protections were allotted to tenants in rentals. Tenants must pay the rent they owe, but you can not evict them without going through the proper steps.
Use A Rental Leasing or Leasing Management Company
When it comes to eviction matters, the right rental leasing or leasing management company can help you with the process. They can act on your behalf by starting the eviction proceedings, and they can also appear in eviction court if necessary.
Another benefit of using a rental leasing or leasing company, they can perform services that make it easier to manage your rental property. They can take care of all of the tenant screening, and the rent collection process, while making sure to perform lease enforcement.
Tenant Screening Evictions Process
While tenant screening can help determine the likelihood of your tenants paying their rent, sometimes, there can be a situation where you must start the eviction process. The first part is serving the tenants with a notice to vacate.
The tenants must be given three days to move out of the property unless otherwise stated in the lease agreement. An eviction suit cannot be filed under written notice. Yet, under the Texas Eviction Diversion Program, some eligible tenants have protection from this process.
Due to legislation related to COVID-19, some tenants have up to 15 months of protection from eviction. Eligibility of this program depends on if your tenants are being sued for eviction, have an eviction court docket number, and their household income is below or equal to less than 80% of the area median income.
How to Go About the Rent Collection
If your tenants are under the eviction protection program, you can still start the eviction process to move forward with rent collection. While the process does take some time, you want to ensure you take all of the proper steps that the eviction court will require.
Do You Know The Tenant Eviction Process?
Owning rental properties as a landlord means you must take care of property maintenance, perform regular inspections, and find tenants that will uphold the lease agreement.
Tenant screening evictions for rent collection don't have to be complicated. You first want to understand how your tenants may qualify for eviction protection. It would be best to consider using rental leasing or leasing management to learn this information.
If you are looking for property management services, to make things simple we can help. Reach out to our dedicated team to learn more about our services.