Although the Phoenix job market remains tight, the city is responsible for over 80% of state gains in this aspect, making it an attractive proposition for job seekers. Employment gains make the city attractive for property investors wanting to earn a rental income from their properties.
High demand doesn't guarantee landlords an easy route to rental success. All landlords risk facing the costly and time-consuming task of evicting tenants for non-payment of rent or other misdemeanors.
So, regardless of the positive outlook for Phoenix landlords, it's wise to have eviction protection measures in place for your rental properties. Read on to find out why you must protect yourself and how to go about it.
Reasons to Evict Tenants in Phoenix, AZ
There are several legal reasons to evict tenants in Phoenix. The most common ones are:
- Non-payment of rent
- Lease violations
- Illegal behavior
You must provide your tenants with the correct notices to remedy their behavior before you can proceed with eviction proceedings, except in the case of illegal activities.
What Is Eviction Protection?
Hiring a property manager is the best way to limit the chances of facing tenant eviction in Phoenix, AZ. These professionals usually offer landlord protection plans to help limit the implications of evicting tenants.
In most cases, you must sign up for tenant eviction support when you first engage with a property management company. Eviction protection plans usually offer:
- A fixed financial contribution toward the eviction costs
- Assistance with the eviction procedure
- Assurances of re-renting the property quickly
Most of these Phoenix eviction services only apply to tenants placed by the property management company and only become valid for existing tenants after a specified waiting period.
Eviction protection plans don't cover the following:
- The landlord's legal fees
- Any court-imposed penalties and fines
- Move out costs
- Loss of rental income
Additionally, the Arizona Department of Housing offers eviction protection assistance to tenants struggling to pay their rent. These services help landlords avoid eviction by assisting tenants with rental income during a bad spell.
Eviction Risk Management Tips
Property managers also offer a host of preventive measures to help limit the incidence of evictions for their clients. These include:
Tenant Screening
Checking the details of every tenant application is the best way to ensure you get good tenants for your property. This procedure includes investigating their earnings, tenant history, and criminal records.
Property Inspections
Property inspections are a vital component of rental property protection. These visits help your property manager keep track of maintenance issues and ensure your tenants are complying with their lease.
If they notice any infringements, they can address them promptly to limit property damages and avoid a potential eviction.
Accounting and Record-Keeping
Precise record-keeping is essential to keeping track of rental payments. An online portal can assist with this, and your property manager should provide you with updated owner statements every month to keep you informed.
Hiring a Phoenix Property Manager
Hiring a property management firm helps shield you from tenant evictions via eviction protection plans. It's the best way to ensure your peace of mind as an Arizona landlord.
PMI Phoenix Metro is a full-service property management company offering all the services mentioned above. We have decades of experience with local real estate and have a strong focus on effective accounting and superb customer service.
Find out more about our services and sign up to get the peace of mind you need as a Phoenix landlord.
