A Property Management Company Helps with the Complicated Eviction Process

A Property Management Company Helps with the Complicated Eviction Process

There are ups and downs with any real estate investment experience, but the eviction process is probably the hardest thing to deal with.

Landlords who have gone through this know that having a property management company on board from the beginning makes the eviction process much easier.

The biggest reason for evictions is a tenant who is late paying the rent. A property owner has to know the terms of the lease, which states exactly when rent is due, and if there is any grace period.

There are specific guidelines for the eviction process including:

Serving the tenant with a 3-day notice to “Pay or Quit”

How to serve the notice (whether it requires hand-delivery or via certified mail)

How to count the three days (the delivery day does not count, nor do weekends or holidays).

The eviction process requirements vary by state.

If the tenant will not leave, then you must go to your local court to start legal proceedings. You will be given a court date and will need to have the tenant summoned. When going to court bring any and all documentation to support your claim, including communication between you and the tenants, receipts, bounced checks, a copy of the lease, and proof of the 3-day notice. It may seem like an easy case, but this is where it gets complicated.

In Colorado, courts will decide in favor of the tenant

Since many tenants can’t deny they failed to pay the rent, they try to get out on a technicality. If you failed to complete any part of the eviction process or forgot to “dot an I or cross a T,” the court will decide in favor of the tenant. Then you have to start the process over.

The eviction process is complicated, time-consuming, and extremely stressful. The best thing you can do is partner with a property management company from the start, so there’s no need to panic when it gets to this point. They take care of all the legalities, including signing the lease and collecting the rent. If there is a problem, they know the eviction process and have the proof to go to court and win the eviction.

If you own investment property in the Denver area, contact us or call 720.989.1996 to take advantage of property management services. Legacy Properties-PM has the experience to find quality tenants so you probably won’t have to deal with an eviction in the first place, but if it comes to that, we know exactly how to handle it.

eviction process

Do You Have What it Takes to Be a Landlord? A Residential Property Management Company Can Handle It

Do You Have What it Takes to Be a Landlord? A Residential Property Management Company Can Handle It

The numbers are really indisputable. Wise investors know that putting some money into real estate will bring a return on investment that’s better than any bank account, and, in many cases, better than traditional CD’s or mutual funds. Maybe you have the money to invest, but you’re not sure if you have what it takes to be a landlord. There are situations when you can’t be nice. Business requires a certain level of assertiveness and if that’s holding you back, a residential property management service such as Legacy Properties-PM can help.

A property management company can help owners in several areas, but if being tough is one of your weaknesses, consider what you would do in any of these situations:

  • You’re trying to find a quality renter, but need more information to make the best decision. Would you ask prospective tenants for social security numbers to do background and credit checks? Will you call previous landlords and employers to verify their information?
  • A tenant hasn’t paid the rent on time, and keeps asking for extensions or won’t answer calls.
  • You discover there has been damage to the property that goes beyond normal wear and tear.
  • Tenants are keeping pets that are not permitted according to the lease.
  • It appears that the tenant’s extended family came for a visit and has decided to move in permanently.
  • You need to evict a tenant.

The last situation, evictions, can be especially tricky. For a property owner who is too nice, a bad situation usually goes on way too long before eviction is considered, leaving the owner with loss of income and other problems. Eviction also requires legal knowledge of policy and procedure which must be followed closely for a successful decision in favor of the property owner.

If you’d like to invest in residential property, but feel like some of these situations would be hard for you to handle due to your kind and forgiving nature, let us be the bad guy. Our experience in dealing with tenants who don’t follow the rules will serve you well when unpleasant circumstances arise. For more information on property management services, look to Legacy Properties-PM in the Denver  or Aurora area, call 720 989 1996 or contact us.

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I need help collecting rent from my tenants near Aurora and Denver Colorado

I need help collecting rent from my tenants near Aurora and Denver Colorado

Collecting rent from your tenants in or near Aurora and Denver Colorado can be a difficult task especially if you do not have enough time or if you are a “nice guy”.

There are two avenues that you can pursue in getting your back rents paid.

The most common method is using an eviction notice.

  1. Go to http://www.courts.state.co.us/Self_Help/houseevictions/forms/index.cfm
  2. Download the JDF 101 - Demand for Compliance or Right to Possession Notice
  3. Fill out the form with all the tenants names that are on the lease and any other adults that are in the property.
  4. Sign the bottom of the form.
  5. Make two copies
    One copy is served on the tenant by you the property owner or landlord.
    The second copy is retained by the landlord.
  6. The landlord or property owner fills out the bottom portion indicating how it was signed by you or the landlord.
    After three full days following posting (the day after you serve the eviction notice is day one.)
    Note: The third day can not be a weekend or holiday.
  7. This form and two copies of the signed lease then need to be filed with the county court the property is located in.
  8. The court will set a court date.
  9. Then you need to serve the tenant with notice of the court date and a copy of the lease.
  10. File form form JDF 98 - Affidavit of Service  with the court.
  11. You will be required to show up in court, bring any evidence you have that you tenant in Aurora or Denver Colorado has not paid their rent and the Colorado County Judge will make his or her decision.
  12. The court will give you the date that you can then contact the sheriff if the tenant has not already moved out.
    If the tenant has not willingly moved out by this date, you will need to contact the sheriff. You will be given the date of the eviction and advised on how many people you will need to have present in order to clear the home of all personal belongings.
    Please note: The sheriff will not help you move any items within the house. You will also need to have someone there to change the locks at the same time. This is actually a requirement by the sheriff when conducting an eviction.

You now have possession of your property back, but it is up to you to collect any monies owed, the courts do not enforce this.

Some options for recovering your rent are to contact a collections company, writing a demand letter, or filing suit with the county court.

The standard eviction costs and average of three months worth of rent, and can prove to be very time consuming and stressful especially if you are a “nice” person and do not enjoy dealing with conflict.

You DO have another option for collecting rent from your tenants in or near Aurora and Denver Colorado.

Contact the tenant to discuss their missed rent. Ask them to provide you with a repayment plan that works for you while keeping their rents current.

By letting your tenant set up their own repayment schedule, they are more likely to not only get everything paid back, but to take even better care of your home.

Your tenant gets the feeling that you, the owner is giving them a second chance, and that is usually what anyone would ever want.

We have used this second method to get back $9,000 back for one of our management owner.

In total we have obtained over $15,000 for our property owners.

 If you are a nice guy or do not have a lot of time and you are currently dealing with a difficult client who is behind on their rent, call 720 989 1996, or fill out our consultation form.

 We will help you keep your tenant happy while protecting you from the hassle and stress of filing an eviction notice.