According to a recent article by CETConnect.org, more people face eviction in Dayton than in other Ohio cities. The article further states that, according to the Eviction Lab, Dayton ranks 26th among the nation's cities with the highest eviction rates.
As a Dayton landlord, all those statistics should concern you, considering evictions are complex legal procedures that cost time and money. Fortunately, eviction protection plans exist. They can help shield you from the stress and headaches of evicting tenants.
Read on, as our team of property management experts at Bridgestream Property Management has compiled this guide discussing how these landlord protection plans work and how they can benefit you.
What Is an Eviction Protection Plan?
As pointed out by Ohio Legal Help, evictions in Ohio can take four to six weeks.
An eviction protection plan can shield you from the stresses of such a lengthy and complex legal process. You can think of it as an insurance policy that:
- Provides rental property security
- Enhances rental income safety
- Relieves you of the burden of handling evictions yourself
With an eviction protection plan, your property manager will take over the complex process on your behalf.
How Does Bridgestream Property Management's Eviction Protection Plan Work?
Our eviction protection services begin with our thorough tenant screening processes. Highly vetted tenants are less likely to break lease agreements. However, unpredictable circumstances that may prompt the need to evict them can still occur.
In that case, our eviction protection services will come into play.
Tenant Screening 101
One of Bridgestream Property Management's responsibilities will be to help you find high-quality renters by:
- Checking their credit scores and credit report
- Considering their debt-to-income ratios
- Performing a criminal background check
- Verifying their employment details and income sources
- Conducting an eviction history check
- Calling previous landlords
Performing all the steps above allows us to gauge each prospective tenant's viability and qualifications. By knowing their histories, we can help place responsible tenants in your Dayton property who are most likely to:
- Pay rent on time and in full
- Care for your property like it's theirs
- Avoid doing anything that will force you to evict them (e.g., not pay rent or break the terms of the lease)
Eviction Protection Services to the Rescue
While our tenant screening process can help minimize the risk of evictions, something that may require us to evict tenants can still happen. If so, we'll handle the process on your behalf, provided you've subscribed to our eviction protection plan. If you have, we'll perform the following under your name:
- Serve tenants the mandatory advanced notices to initiate the eviction process
- File the eviction case
- Recover your property, unpaid rent, and other amounts owed by tenants
So, with our eviction protection plan, you can rest easy knowing that we'll help minimize the likelihood and potential losses you may incur due to evictions.
Minimize Eviction Risks
With Dayton's high eviction rates, eviction protection plans are now more of a necessity than a luxury.
Luckily, Bridgestream Property Management can help. With our full-service management solutions and our team members' combined decades of real estate and property management expertise, we can safeguard you from the headaches and losses evictions may cause.
Reach out today to learn more about what we can do for you and your Dayton rental property!
