Huntington Beach, CA, is a growing area with high rental demand, making it a good choice for property investors. Owning rental property here can be an excellent source of income, but it's not without risks.
If you place bad tenants in your rental home, you can face severe losses until you evict them quickly. Fortunately, there are ways to mitigate these unpleasant situations.
Read on to learn more about eviction protection plans and other tenant eviction solutions.
California's Eviction Laws
Bad tenants can seriously hamper your rental business and eat into your profits. They don't pay rent on time and may damage your investment property.
These actions can give you the right to evict them from the home. You can also evict tenants who commit crimes on your property or disregard elements of their lease agreement, e.g., ignoring your no-pet policy.
California's eviction laws have recently changed, making it a little more difficult for landlords to evict tenants without just cause.
What Is an Eviction Protection Plan?
Along with landlord insurance, eviction protection plans can help ease the financial implications of evicting tenants. They are a type of rental property protection offered by property management companies.
In most cases, you must sign up for an eviction protection plan when you first enter into a contract with a property management firm. They only apply to tenants placed after you've signed your agreement.
In rare cases, the property management company may agree to cover tenants who are already in place at the time of signing.
What's Included in an Eviction Protection Plan?
Eviction protection plans usually include some financial compensation when landlords need to evict a tenant. Yet, they're most important for reducing the stress associated with evictions.
When you sign up for eviction assistance, your property manager will help you:
- Identify causes for eviction
- Serve the correct notices
- Proceed with actions to evict tenants
- Recover rents due
These landlord protection plans do not cover the following:
- Court-imposed fines
- Legal fees
- Income loss due to vacancies
Additionally, a property manager can offer much-needed advice while you undergo the eviction process. They are familiar with all the latest local laws and can help ensure you carry out this procedure legally and as quickly as possible.
Other Ways to Avoid Evictions
The best form of rental property protection is placing good tenants in your property. A property management firm helps you avoid bad tenants by screening every rental applicant comprehensively.
These background checks include:
- Identification confirmation
- Employment verification
- Credit checks
- Criminal history checks
- Landlord reference checks
A property management firm can set up legally compliant lease agreements to protect your rental units and follow up with routine property checks to ensure compliance.
Soothe the Stress of Being a Landlord in Huntington Beach, CA
Evicting tenants is an unpleasant, stressful, and costly undertaking for Huntington Beach landlords, so it's important to protect yourself from this situation as much as possible. Eviction protection measures offered by a local property management company are one way to reduce evictions and manage them efficiently.
Sail Properties Inc. has over a decade of experience with Huntington Beach real estate and is committed to ensuring our client's property investment security through our comprehensive services.
We can assist you with tenant screening, property inspections, and eviction assistance as required. Let us help you make property management manageable.
