Automation Can Alleviate the Challenges of Eviction Management
Eviction. Not anyone’s favorite word, and certainly not a word that resonates positively with renters.
It is, however, a necessary part of operating rental housing. But as painful as it is to enact an eviction in today’s world, there is no doubt that the process is more painful and more complicated than it needs to be. Property managers are expected to run point on evictions in addition to the myriad of responsibilities already on their plates, and to do this flawlessly in an ever-changing landscape of rules, regulations and exceptions that requires unerring precision. It involves understanding legalese at its finest, not to mention bracing for the inevitable contentiousness.
The rental housing industry averages filings of 2.5% of units annually. That seemingly small number can become overwhelming for even the most seasoned manager. The speed with which those units are addressed – either by receiving payment or by regaining possession – can translate to significant bottom-line impact. One typo on a filing? Another 30 days. One missed deadline? Another 30 days. One failed step in the process? Well, you get the picture.
Eviction law is layered and confusing. States, counties, cities, and municipalities have a multitude of varying regulations, and these can change yearly, monthly, even weekly in some cases. How are property managers expected to keep up? It’s not a fair ask, and more importantly, it’s not a smart ask. Mistakes will be made, and your employees, renters and owners become even more frustrated.
Automated solutions that integrate with your property management system can handle all paperwork surrounding evictions, from notices to rent suit filings to writs of possession, ensuring compliance throughout the process. Reporting gives you visibility into each and every eviction individually, by property, by region or companywide. This dramatically reduces the potential for errors and missed deadlines.
When thinking about your eviction management process, what are your biggest pain points? Sending notices? Missed deadlines? Checking eviction status? For some, even getting started or assigning the task is the biggest challenge. With automated options available, auditing your process is both necessary and pertinent to the bottom line.
Source: Multifamily Insiders
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