In this episode of the Property Prophets Podcast, Travis Wells dive into a challenging yet essential aspect of property management: Evictions! Travis shares his personal strategies and experiences to help landlords navigate this tough process efficiently and legally.
Key Highlights:
1. Grace Period and Initial Notice:
- Travis emphasizes the importance of having clear lease terms. His leases include a 5-day grace period for late payments. If the tenant fails to pay by the 6th day, he promptly issues a 3-day notice to pay or vacate.
2. Documentation and Communication:
- Documenting every step is crucial. Travis takes photos of the notice as proof and reaches out to tenants, often finding that many become responsive once they realize the seriousness of the situation.
3. Cash for Keys:
- As a potential solution to avoid prolonged eviction processes, Travis suggests offering tenants a small financial incentive to leave voluntarily. Though it may hurt one's pride, it can be a pragmatic approach to quickly regain possession of the property.
4. Filing for Eviction:
- If the tenant still doesn’t comply, Travis advises filing for eviction through the appropriate county channels. He reassures listeners that the process, while potentially time-consuming, is straightforward and can often be handled without an attorney.
5. Court Proceedings:
- During court, Travis stresses the importance of having the lease and proof of non-payment. Judges typically base their decisions on whether the rent was paid, making it a straightforward judgment if the tenant hasn't fulfilled their obligation.
6. Post-Judgment Process:
- After winning an eviction case, tenants usually have a short period to vacate. If they don't, landlords may need to file a writ of possession to have the sheriff remove the tenant's belongings.
7. Preventive Measures:
- To minimize future eviction risks, Travis discusses the importance of thorough tenant screening, including income verification and background checks, while also highlighting his practice of not running credit checks.
8. Setting Expectations:
- Finally, Travis emphasizes the necessity of maintaining strict payment policies and training tenants to adhere to the payment system from the outset, ensuring a smooth landlord-tenant relationship.
Travis’s insights and actionable tips are essential for landlords facing the stress of evictions.
For an in-depth guide through each step and more of Travis’s invaluable experiences, don’t miss this full episode of the Property Prophets Podcast💡
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